In this episode, we answer a property investor's question about how the banks test and approve interest-only mortgages.
We walk through the bank's criteria and why an interest-only mortgage can be harder to get than a principal and interest mortgage.
We also mention that if you plan to grow a property portfolio in 2022, you should check out the Opes Property Coaching programme. This is the programme that may be able to help you build a property portfolio in 2022.
The Property Academy Podcast