SMSF rooming accommodation finance on a single income
A single PAYG income earner wanted to buy rooming accommodation through her new self-managed super fund. Write Finance secured funding at 55% LVR over a 30-year term.
Loan-to-value ratio secured
Term of the SMSF loan
PAYG applicant with a new SMSF
A property purchase through a new fund
The client was a PAYG employee looking to purchase rooming accommodation through her newly established self-managed super fund (SMSF). She was relying on a single employment income.
Limited income and superannuation
The client had a limited amount of superannuation and a tight income position. The lending needed to fit those constraints while supporting the proposed property investment.
Matching lender policy to the client’s position
We drew on our understanding of multiple non-bank lender policies and our relationship with a buyer’s agent to secure SMSF funding around the client’s income position.
Non-bank policy
Used our knowledge of lender requirements for this application.
Buyer’s agent relationship
Drew on an established relationship as part of arranging the funding.
Income and loan structure
Shaped the lending around the client’s tight income position.
Funding secured to make the purchase possible
The client secured SMSF lending at a 55% loan-to-value ratio (LVR) over 30 years. The borrowing capacity achieved under the selected lender’s policy made the purchase possible.
Exploring SMSF finance for a property purchase?
Tell us about the property and your fund’s financial position. We’ll help you understand the lending requirements and the options that may be available.
This is a past client outcome. Property eligibility, loan terms and borrowing capacity depend on the fund and lender assessment. SMSF, tax and legal advice should come from your qualified advisers.
