Buy now, pay later: How Afterpay could sting home buyers


We found this article on Domain and thought that it would be worth the share. It’s called How Afterpay Could Sting Home Buyers.

It’s an interesting article by David Ross on the heightened focus of banks on the spending habits of mortgage borrowers. Here’s a fascinating insight from the piece:

Mr Bates said three months was a minimum, but new credit reporting meant any unpaid debt – as far back as six years – could come home to haunt buyers.

For more of David Ross’ report, give the rest of the piece a quick going over…

Read the source article at Real Estate