Live retirement the way it's meant to be.
ASK AN EXPERT
Australian Mortgage Corporation carries the required level of certification for SMSF lending advice. We are qualified to provide advice on how to leverage your Super to invest in property. This is a complicated area and requires expertise to do properly.
SMSFs should not be entered into without seeking the appropriate advice from qualified professionals (i.e. financial advisers and accountants).
THERE'S ALWAYS A WAY
Over the last year, SMSF lending rates have increased significantly and lending limits have decreased across the board. However, there are still ways of getting 80% LVR loans within an SMSF environment, as well as a cheaper rate when lending to the bare trust.
Superannuation offers certain tax advantages when buying Real Estate for those investing in property for their retirement.
There are certain constraints on SMSF loans. Some of these are:
Buying a property in your SMSF and living in it.
Selling a residential property to your SMSF that you or a related party owns.
Construction loans are usually not allowed.
Refinances of existing SMSF loans may prove difficult.
Most banks insist on significant surplus cash (liquidity requirement) in excess of the purchase.
FINANCE YOUR RETIREMENT
Matt is a freelance Marketing professional. He had Super funds from his time in the UK, as well as a Super balance in Australia. He was keen to invest in property, as well as take control over the investment of his own Super.
Most lenders will not lend above 70% LVR for SMSF loans. This means a much higher Super balance is required.
Australian Mortgage Corporation helped him leverage his Super balance and buy a property through his Self-Managed Super Fund (SMSF) for $750,000. Matt only needed a 20% deposit, as we negotiated with the lender an 80% LVR. He has now invested the remainder of his funds with a Fund Manager.