If you have sought some financial advice and are considering to put your Self-Managed Super Funds to work in property then we are here to help! Developed in partnership with brokers our Rider Financial Group super smart approach to SMSF lending offers.
Here are some points to consider before you commit to buy properrty in your SMSF:
Our credit policy
- Only $150k net assets are required
- No liquidity requirements
- Director with credit impairment accepted
- Additional contributions that can be satisfactorily evidenced from reoccurring income streams
- Prime to Near Prime options
- O/O purpose (associated trading business tenancy agreement) available for commercial security
Faster to Yes!
- Direct access to our Credit team
- Pre-approvals available
- Write the loan your way: Digital and manual application submission\
Securities we accept for SMSF
We’ll consider the following as a security on single title for SMSF lending.
- Multiple units on one title
- House
- Mixed residential and commercial security
- Office
- Industrial
- Retail
- Boarding or Rooming houses
Acceptable SMSF Income for the Loan
- Rental from the security property
- Compulsory member contributions
- Additional contributions that can be satisfactorily evidenced from re-occurring income stream
- Investment return on balance of SMSF assets
* For SIS Act compliant purposes only – Repairs and maintenance of the security. – A maximum of 2 redraws are available per anniversary of the loan, to a maximum of 50k per transaction
Mandatory Requirements for Application
- SMSF Application
- Signed Privacy Act consent
- Statement of financial position for each of the members
- Contract of Sale (when applicable)
- Existing Loan Account Statements (refinance)
- Certified — SMSF Trust Deed plus variations
- Certified — Bare Trust Deed
- Current Lease Agreement
- Guarantees from Superannuation Fund Members
- Deed of Declaration of Property Trust (confirming the Property Trustee holds the property on behalf of the SMSF)
- Superannuation Fund Deed Statutory Declaration (confirming the SMSF Trustee has the right to enter the contract) AND meeting SIS requirements
- 2 years of audited SMSF Financials OR 2 years retail/ industry superannuation fund statements if a newly established SMSF
- Original Loan Agreement from existing lender if loan is being refinanced
- Serviceability calculator
- Minimum Asset within SMSF fund required -$150,000
Smart Strategies to Buy Property in SMSF with Confidence
Buy property in SMSF but not sure where to start? It happens to other people as well. When used correctly, a self-managed super fund can serve to get your retirement wealth growing. You should know your options, whether you are an experienced investor or not.
Among the greatest aftermath of utilizing your SMSF is the fact that you stand a chance to access SMSF property loans, where you will have a chance of accessing your available funds at your fingertips in a bid to purchase commercial or residential property.
For entrepreneurs and freelancers, investment property loans for self employed individuals offer tailored solutions. Even without a regular payslip, it’s still possible to secure finance and expand your property portfolio through your super.
At My Loan Broker, we simplify the process and guide you through every step. From choosing the right lender to ensuring compliance with superannuation laws, we make it easy to invest smartly and safely.