Thinking about buying under a SMSF?
Have you ever wondered what is required for buying property under a Self Managed Super Fund?
The following are a few basic points on SMSF lending
- Use the funds in your SMSF as a deposit
- Need to speak to your Financial Adviser to set up the fund and to complete all associated paperwork
- There are many lending requirements and criteria that needs to be met prior to purchasing a property
- Restrictions are in place with what kind of property options are available for SMSF purchases
SMSF is more complex then lending in personal names so please talk to us before taking any further action!