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  1. MikeF

    NAB launch SMSF lending

    Rob You can find some info on the St George resi SMSF product at: http://www.stgeorge.com.au/loans/home-loans/invest-in-property/self-managed-super-fund.asp
  2. MikeF

    NAB launch SMSF lending

    Bill To date all valuations for deals I've done with NAB so far have been done using their own internal valuation people & and to date I've had no problems. Had a small commercial property recently financed in Melbourne which came in a little bit under purchase price and they still did...
  3. MikeF

    NAB launch SMSF lending

    Interest only payment terms are available from all lenders with max 5 years being normal however St George say they will look to do up to 15 years interest only.
  4. MikeF

    NAB launch SMSF lending

    MJ Whilst I haven't been asked to do a fixed rate SMSF loan yet my NAB contact says that fixed rates are available. NAB's resi SMSF loan is simply their standard tailored mortgage product (without discount) and fixed rates quoted earlier are those straight off NAB's website
  5. MikeF

    NAB launch SMSF lending

    Residential SMSF Loan Rates Current variable interest rates for residential security are; Bankwest 8.89% NAB 6.74% PowerSuper 7.85% St George 8.44% Westpac 8.84% Fixed Rates NAB 1 year 5.39% 2 year 5.49% 3 year 6.09% 4 year 6.49% 5 year 6.49% 10 year 7.09% St George...
  6. MikeF

    NAB launch SMSF lending

    Current variable SMSF residential rate is 9.61% pa
  7. MikeF

    NAB launch SMSF lending

    Trying2Learn Without knowing how much you are borrowing it's hard to say if you will meet their requirements or not. Happy to do some calculations for you if you want to send me some details.
  8. MikeF

    NAB launch SMSF lending

    SMSF Loans Trying2Learn Westpac's take on SMS loans is that they will not lend to individual trustees as their legal advice is that they would be possibly in breach of the Banking Code of Practice. Bankwest also have the same view whilst NAB & St George are the opposite and will lend to both...
  9. MikeF

    NAB launch SMSF lending

    Hi All Just heard that NAB may have withdrawn the requirement for personal guarantees on their recently SMSF Commercial loan product. Anybody heard the same?
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