Yes you read right, our SMSF Resi product is back!
We are thrilled to have this product back and available to our wonderful brokers.
The True Blue SMSF Residential Product is suitable for your clients who meet the following criteria;
Single security up to $1.25M
Purchase or refinance a residential property for investment purposes
Interest Only available for 10 YEARS (5+5) at an additional 0.50% & with a Maximum LVR 70%
Clear Credit History ONLY
LVR Requirements
Appropriate securities include: Houses, townhouses, apartments, units including off the plan purchases.
Securities must be a minimum of 45sqm excl balconies and car spaces.
80% LVR in Metro and Larger Regional Centres
70% LVR in Inner City locations
60% LVR in Regional locations
Income assessment: 100% of SGC contributions for all Trustees, plus 90% of the rental income less the annual running costs or an allowance of $3K for running costs for the SMSF, whichever is greater.
Liquidity Requirements: Net assets $120k minimum of 7.5% of the loan remaining in the fund after settlement.
Independent Legal & Financial Advice required for all applicants.
Features of the SMSF Resi product:
Split Loans Available
100% Offset Available
For all inquiries about our Residential SMSF including rates and fees, please contact me to discuss further or email scenarios@australianfinacial.com.