We knew it was coming and it was only a matter of time. Westpac and Bank of Melbourne have made it easier for people in hardship to change their loan repayments from P&I to Interest Only. So, with a single form this can happen instead of having go through and complete a full assessment.
There are some T&C’s so get in touch with us if it’s something you want to look at. Have a listen below to hear what Damien has to say.