Residential or commercial security properties are acceptable Available for investment property purchases Available for refinance of existing SMSF investment property...
Residential or commercial security properties are acceptable
Available for investment property purchases
Available for refinance of existing SMSF investment property loans
SMSF loan increases are not available after settlement.
Minimum size for security property is either 40 or 50 square meters, depending on the lender
Off the plan purchases (or properties less than 12 months old) can be financed with specific lenders only.
Accountants may need to provide proposed contributions letter for the ongoing financial year with some lenders
Customers must obtain financial advice from their own planner or accountant with most lenders
Customers must obtain their own legal advice at their own cost
Upon payment of the loan in full, the mortgage is discharged and the legal ownership of the property is transferred from the trustee of the bare trust to the trustee of the SMSF
In some cases the loan cannot be approved until the SMSF trust deed and Bare/property trust deed have been vetted by panel solicitors.
