Leverage your self managed super fund to buy property
A Self Managed Super Fund home loan can be used to buy an investment property. The returns on this investment such as the rental income or capital gains can be funnelled back into a super fund to increase your retirement savings.
Purchasing within a self managed super fund (SMSF) differs from purchasing in your own names as the entity within the fund is the borrower. You can purchase up to 80% of the property value for an established dwelling (lending can’t be used to construct a new investment property) and is available for both commercial and residential properties.
Other guidelines you’ll need to consider is the fact that the property cannot be acquired by, lived in, or rented out by a fellow SMSF fund member. All investments with an SMSF need to follow the strict laws around SMSF borrowing. If you’re not familiar with these laws, then speak to a Loan Specialist from Sprint Finance to make sure you’re in the clear.
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Frequently asked questions
A Mortgage Broker acts as a middleman between the borrower and the lender/bank. They will take the time to assess your financial situation by collecting all the relevant paperwork. After an initial assessment, they provide their recommendations for the best lenders available. These recommendations are based on your financial situation, purchasing power, and future investment goals. Long-term goals for paying off a house or purchasing more property in the future should all be taken into consideration.
You should first get in touch with a mortgage broker before you start looking for and bidding on houses. A mortgage broker will assess your financial situation and evaluate your purchasing power. When you know how much you can spend on a home loan, that’s when you know how much you can bid on for a house. So always get in touch with a mortgage broker before you start house hunting.
Yes, we can. Our staff can arrange a time and meeting location appropriate for you. We are not limited by standard business hours.
Our staff are available for appointments 7 days a week. Our aim is to fit around your busy work schedule so there’s no need to arrange for time off work. We can come to your house 7 days a week when it’s convenient for you.
We will not charge you a fee for our service. Sprint Finance is paid a commission by the lender you choose. Details of this commission will be fully disclosed to you when you first get in touch with our service. Government and lender fees and charges will apply to your home loan. We will take the time to explain these fees and charges to you in greater detail if you need us to.