Considering UBS’ Australian Banking Market Improve towards 19 Sep, and therefore with it a private questionnaire of just one,008 users whom took out home financing in the last 12 weeks, 18 percent stated that they do not know whenever their interest-just (IO) mortgage expires, if you find yourself 8 % believed the IO label is actually fifteen years, and therefore does not can be found regarding Australian business.

The study learned that not even half away from participants, or forty eight per cent, sensed their IO identity expires in this five years. (more…)