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Westpac pricing is at business lending rates with no discounts, + 0.75% for residential security and +1.5% for commercial, not fantastic. 1% upfront also I think. It is expected that this will come down. Regards Alistair

Hi Richard, It's a commercial loan. They will do 65% with normal rates etc. The issue is the number of entities that are set up, getting the trust deeds set up correctly etc. All in all it is a lot of work and is expensive for the client because of the legals. Westpac are also offering...

I'm writing my first SMSF loan at the moment also, this one is through Westpac. The process is pretty painful, particularly the set up of the numerous entities that have to be used, I'm actually getting some training from their lawyers next week on the structure they require. Regards Alistair