Last month, UBS released stunning analysis showing the volume of interest-only mortgages due to expire will rise to $105 billion in 2018, then $133 billion in 2019, and $159 billion in 2020:
Borrowers switching from interest-only to principle and interest mortgages are facing a 35% to 50% increase in mortgage repayments, according to UBS, representing a massive drain on their cash flow.