Call us on 0468 702 672 or 0430 362 226
Golden Key Mortgage
& Home Loan Broker
Our SMSF Home Loan Broker Service
"Our expert mortgage brokers can help you secure an investment property loan using your Self Managed Superannuation Fund (SMSF) "
Do you want to invest in real estate property using your SMSF?
Wondering if you can invest in real estate properties using your self managed super fund? You can use your self managed superannuation fund (SMSF) to purchase investment property or invest into something else entirely, however, there are some legal and financial structure obligations to meet before you can use your SMSF.
Our SMSF specialist home loan brokers make sure that, you can take full advantage of any available cost saving interest rate offers by the banks. Our mortgage brokers can also help you cash out from your existing property equity for investment or business purposes. Simply call us or book online for a premium home loan broker service for free.
Get the Financing You Deserve
Want to make your SMSF work harder for you by investing in property?
Supporting SMSF clients with home loan
Using your self-managed-superannuation-fund (SMSF) for Borrowing or gearing your superannuation into the property must be done under very strict borrowing conditions called a 'limited recourse borrowing arrangement'. A limited recourse borrowing arrangement can only be used to purchase a single asset either residential or commercial property. Before committing to a geared property investment you should assess whether the investment is consistent with the investment strategy and risk profile of the fund. However, there are state and bank policies that are specially designed for self-managed super fund (SMSF) property investors to get the most out of their circumstances. You might miss out on the available opportunities if your plan didn't include taking these options into considerations. You also might have a hard time securing the loan amount you want or the SMSF loan terms suitable for you. Call us or send us a message today to find out more about how we can arrange the right SMSF investment property loan fast and easy for you.
To qualify for the SMSF property loan the SMSF trustees or the applicants first have to understand the limitations:
1. The property they intend to buy meets the 'Sole Purpose Test' of solely providing retirement benefits to the fund members
2. The property is NOT purchased from a seller who is related to any fund member
3. No fund member or their relatives can live in the property purchased using the SMSF
4. The property purchased using SMSF cannot be rented by any fund member or their relatives
5. SMSF can be used to purchase the commercial property of the fund member and the rent can be paid directly to the SMSF
6. The SMSF loan amount is currently limited to only up to 70% of the value of the property
Benefits of SMSF loan to invest in property
1. Investment capacity: Self-managed super funds (SMSF) are able to purchase property worth beyond its own available funds by utilising the benefits of gearing.
2. Asset protection: SMSF loans are classified as “limited recourse” which means, should a loan default, other SMSF assets are protected since the lender may not have recourse to the other assets in the SMSF.
3. Capital growth: The SMSF enjoys all capital growth and income regardless of whether the property has been fully paid for. SMSFs can utilise the income coming from the property to help pay for the loan.
4. Tax savings: Minimising your SMSF’s tax liability may be possible as interest expenses can be declared as tax deductions by the SMSF.
5. Investment options: SMSFs are able to manage a property in any way and at any time in the same manner as investors can manage their property investments. For example, SMSFs can lease, repair, renovate, or sell. However, it is still dependent on the terms of the SMSF loan and mortgage.
Disadvantages of SMSF loan to invest in property
1. Higher associated costs - SMSF property loans and preparation tend to be more costly than other property loans which must be factored into the investment decision.
2. Cash flow - loan repayments must be made from the SMSF which means the fund must always have sufficient liquidity or cash flow to meet the loan repayments.
3. Hard to cancel or exit - If the SMSF property loan documentation and contract is not set up correctly undoing the arrangement may not be allowed and the fund member or the trustee may be required to sell the property, potentially causing substantial losses to the SMSF.
4. Possible tax losses - Any tax losses from the property cannot be offset against your taxable income outside the fund.
5. No alterations to the property - Until the SMSF property loan is paid off alterations to a property cannot be made if they change the character of the property.
How we help our clients?
Easy and Convenient
See the benefits of using our expert mortgage brokers for your home loan.
1. Right Loan
We find the right home loan at a great rate from a wide range of home loan offers.
2. Free Expert Advice
You don't miss out on any available grants or concessions for your property financing.
3. Peace Of Mind
Knowing that a home loan expert is looking out for the best deal for you.
4. Convenience
Our brokers will come to you & take care of the application until the home loan is settled.
5. Timely Funding
Get the home loan amount you want in a timely manner without any stress.
6. Premium Service
Most importantly you will get a five-star mortgage broking service and advice for free.
The Documents Required For SMSF Investment Property Loan Approvals
Documents For Employees
Identification
1. Drivers license copy
2. Passport bio-pages copy
Proof of Income & Savings
3. Two recent pay-slips from current employers
4. Salary account statement for the last 90 days
5. Savings account statement (if there is any)
6. Notice of Assessment (NOA) from ATO
Proof of Expenses & Liabilities
7. Everyday account statements for the past 90 days
8. Any credit card statements for the last 90 days
9. Any car loan or personal loan statements for the last 90 days
Property Ownership & Costs
10. Council rate notice
11. Current home loan statements for the last 6 months
Documents For Self-Employed
Identification
1. Drivers license copy
2. Passport bio-pages copy
Proof of Income & Savings
3. Business account statement for the last 90 days
4. Savings account statement (if there is any)
5. Notice of Assessment (NOA) from ATO
6. Tax return documents of the latest year
Proof of Expenses & Liabilities
7. Everyday account statements for the past 90 days
8. Any credit card statements for the last 90 days
9. Any car loan or personal loan statements for the last 90 days
Property Ownership & Costs
10. Council rate notice
11. Current home loan statements for the last 6 months
Documents for Company
Identification
1. Drivers license copy of directors
2. Passport bio-pages copy of directors
Proof of Income & Savings
3. Company/business account statement for the last 90 days
4. Profit/Loss statement for 12 months
5. Notice of Assessment (NOA) from ATO for each director
6. Company tax return documents of the latest year
7. Ownership structure ASIC report
Proof of Expenses & Liabilities
8. Business day to day account statements for the past 90 days
9. Any business financial statements for the last 90 days
10. Any business-related asset finance (eg. car loan or equipment loan etc.) statements for the last 90 days
Property Ownership & Costs
11. Council rate notice
12. Current home loan statements for the last 6 months
See the Top 10 Home Loans in each category
We can help...
Call 0468 702 672
Call us on 0468 702 672 or 0468 424 315 or 0430 362 226. We will answer all your queries instantly or ASAP.
Book appointment
Simply book an appointment online instantly and one of our expert mortgage brokers will meet you at a place and time of your choosing.
Tools & Guides
- Loan Repayment Calculator
- Compare Loan Repayments
- Borrowing Power Calculator
Visit our office
Come and visit us at our office close you. We have a number of offices and mobile mortgage brokers across Sydney.
Available SMSF Home Loan Options
Your SMSF Property Financing Options
When it comes to finding an SMSF home loan, the possibilities are somewhat limited as it is a relatively new loan product and not all lenders do it. However, there are some good options and a relatively easier process compared to some other banks or lenders. Contact us for more information about SMSF property loans and we’ll be happy to explain the options and help you find the one that suits your needs and preferences best.
Variable Rate Mortgage
The Right Loan for You
Refinance to a variable rate mortgage is very popular in Australia. Golden Key Mortgage & Finance finds its clients among the most competitive interest rate loans to refinance. We would be happy to discuss the details of the variable rate mortgage and customise it in order to suit your specific needs and financial situation. Are you wondering that if you have a good rate? Contact us to find out if you’re eligible, and whether this would be a good fit for your needs.
Fixed Rate Mortgage
A Brighter Future
It’s easy to get lost while navigating all the different types of loans available for home buying. The Fixed Rate home loan could be the right one for you, but it’s important that clients understand all implications before signing something they could later regret. Contact us now in order to discuss the benefits and disadvantages, and together we’ll decide whether this is the right mortgage for you.
Split Rate Mortgage
Prospective Property Owners
We have been helping clients around Sydney area with their real estate investments. The Split Rate Mortgage is popular for some, but may not be appropriate for everyone. Call us to learn more about the implications and to find out whether this would be a good mortgage for your financing needs. We will provide all the necessary information for you to make an educated decision so that you can relax knowing that, you made the best decision.
Interest only Mortgage
Savvy Property Investor
You repay only the interest on the borrowed amount usually for the first one to five years of the loan, although some lenders offer longer terms. Your monthly repayments are lower because you’re not paying off the principal. At the end of the interest-only period, you begin to pay off both interest and principal. These loans are especially popular with investors who plan to pay off the principal when the property is sold, having achieved capital growth.
Low Doc Mortgage loans
Loan for Self Employed
Low Doc home loans are designed for self-employed people who don’t have all the financial documents providing proof of income usually required to secure a home loan. The low-doc mortgage loan can be both variable and fixed rate home loan. Navigating a path through the mortgage maze can seem confusing – especially with so much document required by different lenders. Golden Key Mortgage brokers in Sydney will help you along the entire process.
Other Common Mortgage types
Seasoned Property Owners
There are so many other types of home loans available in the market catering to different kinds of home loan borrowers. The following loans are very specific and suits borrowers with certain circumstances such as Construction Loans, Introductory Rate Loans, Bridging Loans, Line of Credit / Equity Line, Reverse Mortgage etc. Call a Golden Key Home Loan Broker in Sydney today and take the guess part, out of your mortgage financing plan.
Contact us for more details about the types of loans we offer our clients.