Authorised Credit Representative of Outsource Financial Pty Ltd 384324. Shannon Smit Credit Representative No 533133 is a Credit Representative of SMART Business Solutions Mortgage & Lending ACR 527754 Pty Ltd ACN 611 647 922
The process of purchasing a property through an SMSF is similar to a regular property with a few key exceptions, and each lender will have their own restrictions.
The main difference is that an SMSF mortgage is more difficult to process, with fines of over $200,000 applying to trustees if their arrangements aren't properly structured. For this reason, it's a good idea to seek advice from an experienced mortgage broker in association with a financial adviser who can ensure you obtain the right loan with the right structure for your overall goals and needs.
In Australia, borrowers have access to SMSF loans to purchase investment properties via a self-managed super fund (SMSF). This is a mortgage controlled by the members of a super fund, which is used to buy an investment property. The rental income and capital growth generated by the investment property form part of your super fund's retirement savings.
You can borrow money through your super fund to cover an investment purchase, but you need a special SMSF loan to do it. And it's getting increasingly hard to find lender who offers these products.
Our Smart Private Wealth financial advisers and mortgage brokers are accredited with SMSF lenders, minimising the discord between stakeholders ensuring a more streamlined and strategic approach to your SMSF lending needs.
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