Overview of the SMSF Property Loan Scheme

Overview of the SMSF Property Loan Scheme The self-managed super fund or SMSF property loans are becoming increasing popular property financing option in Australia. Many people find this as a good and convenient option to make investment in a property. This is because the SMSF property loan makes use of a self-managed super fund (SMSF) to buy any residential or commercial property. This loan is controlled by the Australian Taxation Office (ATO) and allows membership of up to four people where all members should be trustees. The main idea behind offering a SMSF home loan is to prepare the borrowers for their retirement.

SMSF loan requirements Lenders and all other types of financial institutions offering SMSF property loans look for the following requirements in their borrowers while lending the loan:

 Deposit: A deposit of at least 30% of the property value is expected to be made by the borrower  Rental income: The income expected from the property is factored into the borrower’s ability to make future repayments of the loan  Patterns of contribution: Lenders also analyses the pattern which shows how frequently and consistently the loan members make contributions to the fund, as these will also be relied on to meet repayment obligations.  Structure of the SMSF: The structure of borrower’s self-managed super fund must be compliant with Australian Taxation Office (ATO) and Australian Securities and Investments Commission (ASIC) rules.

Expert’s Advice and Guidance on SMSF loans by Your Finance Advisor Your Finance Adviser is a leading and most reputed finance advising company in Australia. It has a team of Australia’s best home mortgage experts who specialize in providing a variety of home loan advice, end-to-end lending, and financing and wealth management solutions.

The team at Your Finance Advisor has years of experience in guiding its clients about eligibility criteria and features of the SMSF property and home loans in Australia and helping them to find the best solution for applying to the loan.

For more detailed information, info@yourfinanceadviser.com.au

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