Hi, I wish to buy an IP under a Self Managed Super Fund for myself and my wife, we both work in NSW Public Service.
After the Govt. changed the rules about a couple of years ago, its possible to borrow for a property investment in a SMSF setup.
Could anyone please provide some more information about this process ?
What major issues do the lenders consider while lending under this setup.
How much do the financial institutions lend, do they lend upto the 80% of the loan as in the normal mortgages or do they lend a lesser percentage.
Which good products are being offered by various lenders for property investment under SMSF, if you are aware of any ?
Please feel free to provide other helpful suggestions related to this issue.
Thanks.
Sanjeev
After the Govt. changed the rules about a couple of years ago, its possible to borrow for a property investment in a SMSF setup.
Could anyone please provide some more information about this process ?
What major issues do the lenders consider while lending under this setup.
How much do the financial institutions lend, do they lend upto the 80% of the loan as in the normal mortgages or do they lend a lesser percentage.
Which good products are being offered by various lenders for property investment under SMSF, if you are aware of any ?
Please feel free to provide other helpful suggestions related to this issue.
Thanks.
Sanjeev