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Having a Self Managed Superannuation Fund (SMSF) means you have direct control over where your money is invested. Investing superannuation funds into property is an increasingly popular and attractive way to plan for the future. Once you’ve consulted with your financial planner or accountant, we’ll compare lending products suitable for your fund, guide you through the process, and help you long after settlement.
Self Managed Superannuation Fund home loans are much more complicated than your average loan. Between government legislation and a multi-step application process, there is a lot to decipher and manage. Your SMSF property loan approval largely depends on the quality of your application, so it’s essential you put your best foot forward. That’s where we come in.
There is a small niche of lenders who specialise in SMSF property lending, and we maintain positive, longstanding relationships with many of them as part of our lender network. Don’t spend valuable time chasing down and comparing lenders who may not be able to assist you. Leave the legwork to our team of mortgage experts.
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If you are part of a self-managed super fund (SMSF) or an individual or a corporate trustee of an SMSF then investing in property is a great way to grow this retirement nest egg and maximise the funds paid out to its members.
The primary difference between an SMSF and industry or retail superannuation funds is that you have direct control over where your money is invested, making these funds a highly popular option. Another key difference is that these agreements are able to borrow money to invest in residential or commercial property with the property to be held in trust until the loan is fully paid out.
These properties then become owned by the SMSF which means they provide ongoing income for members and trustees when they reach retirement age so that they can have a secure and comfortable income in their retirement.
While SMSF loans are a great way to boost the savings in a fund, they are much more complex than regular agreements, and there are many layers of government-enforced red tape to get through before the amount is approved.
There are restrictions, for example, these forms of financing solutions usually only allow up to 70 per cent leverage, 30-year terms and a capped five years of interest-only repayments. There is also usually a minimum amount of $100,000 and the maximum is determined by your financial position.
It is also a complex, multi-tiered application process and many hurdles to overcome before your loan is approved. The team at Axton Finance can help you cut through all of this jargon, putting it all in simple terms for you and accelerating the approval process so that you can invest in residential and commercial properties soon - which means more profits for the members and trustees at the end of the day.
Another key fact to remember is not all banks and lending institutions handle these circumstances, and there are only a select few that do. Axton Finance has worked hard over the last decade to cultivate and maintain relationships with these lenders to ensure you have the best chance of approval with the right rates, fees and terms and conditions. Speak to our team today and let us help you grow your super fund.