Self-managed super funds (SMSFs) are gaining traction in Australia due to their ability to create wealth through property in a different way. Despite their growing popularity, many believe writing an SMSF loan to be a complex and challenging process.
Let us start by debunking the concept that SMSF loans are difficult and that as a broker, you need to know the ins and outs of SMSF regulations. It’s worth noting in the case of SMSFs, it is not the broker who provides the advice. Trusted advisers such as financial planners and/or accountants provide advice to the borrower.
When we break it down, writing an SMSF loan is similar to all others. Legally, we can’t give loan structure advice or financial advice and therefore brokers send their clients to their financial adviser and when they come back with the proposed structure, it’s a simple loan set-up.
It’s not just the perceived difficulty of the loan itself; there is also an outdated connotation with the cost of setting up a self-managed super fund. However, from a financial perspective, setting up an SMSF is not a costly exercise.
As the major banks veer away from this space over the last number of years, it has led many to refinance with non-bank lenders. This is of course a huge opportunity for brokers to diversify their portfolio. We’re seeing a reduced ability and therefore appetite to buy investment property, the holiday home, or upgrade the family home – now is the time to look to other ways to build wealth through property – SMSFs can unlock that.
Beyond the opportunities that SMSF loans offer investors, Assetline Capital provides brokers with adaptable and bespoke terms, including 0 per cent liquidity and no net assets required. This unique approach positions us exceptionally in the market and highlights our leading unique selling proposition.
With this shifting landscape, it becomes crucial to partner with reliable lenders. Partnering with Assetline Capital for SMSF loans provides a significant level of security. As solution-based lenders, our reputation is paramount. The due diligence involved in our process is extensive. We aim to be recognised as a secure and solution-focused non-bank lender.
As the financial landscape evolves and major banks withdraw, Assetline Capital stands out with our tailored and flexible SMSF loan terms. Our commitment to thorough due diligence and our team of market-leading experts make us the perfect partner for self-managed super fund lending. We are dedicated to providing brokers and investors with the tools and knowledge they need to take full advantage of SMSF lending opportunities within our full suite of loan offerings.
