SMSF Finance in Melb

Hi, can anyone recommend a SMSF lender in Melb that don't require a Pers Guarantee.

Looking to buy prop via SMSF in Inverloch asap.

email at ccdes20@yahoo.com.au if need be

There is only 1 lender that doesnt at the moment require a PG.

Would need more details to let you know whether it would fit their criteria.

Richard Taylor - richard@tayloredfinancialsolutions.com.au Tel: 07 3720 1888
Residential Mortgage Broker providing structured home loan advice for investors and owner occupiers all over Australia.
Thinking of buying your next investment property using a SMSF. Email me for a copy of my SMSF EBook.

The only lender not doing personal gtees that i know of will not do smsf for postcode 3996. Someone mentioned that Bendigo Bank may now be doing them without PG's but have not been able to confirm this.

Mike Feltscheer
Navstar Financial Solutions
www.navstarfinancial.com.au

Mike Bendigo do not require PG's.

Settled one with them last week.

Richard Taylor - richard@tayloredfinancialsolutions.com.au Tel: 07 3720 1888
Residential Mortgage Broker providing structured home loan advice for investors and owner occupiers all over Australia.
Thinking of buying your next investment property using a SMSF. Email me for a copy of my SMSF EBook.

Depending on serviceability and LVR, I might be able to do a SMSF lend without PG's.

PM me if you are still interested.

Regards,
Steve.

Regards,
YI

"Knowledge is Power"

YI

My advice was irrespective of the LVR NAB always requires PG even if the lvr was less than 50%.

Done a few with them and very low lvr's.

Happy to be proved wrong but that comes from the top of Qld Credit.

Richard Taylor - richard@tayloredfinancialsolutions.com.au Tel: 07 3720 1888
Residential Mortgage Broker providing structured home loan advice for investors and owner occupiers all over Australia.
Thinking of buying your next investment property using a SMSF. Email me for a copy of my SMSF EBook.

Hi Rich,

I wasn't going to go into too much detail (hence the request to PM for more info), but I did one last week without PG's.

They are assessed on a case by case basis, and the PG requirement can be waived in certain circumstances.

Regards,
Steve.

Regards,
YI

"Knowledge is Power"

Richard NAB Credit says the same thing in Victoria. They require a personal guarantee regardless of LVR. Would be interested in understanding what are the conditions NAB has for no PG?

Spiro Kolokithas - What If We Finance Tel: 03 8804 1354
www.melbournemortgage.com.au
see the possibilities...

WWF

Young Investor works for NAB so hopefully he might anwer your question. 

Every deal i have done with NAB here in Brissie they have asked for PG's.

Richard Taylor - richard@tayloredfinancialsolutions.com.au Tel: 07 3720 1888
Residential Mortgage Broker providing structured home loan advice for investors and owner occupiers all over Australia.
Thinking of buying your next investment property using a SMSF. Email me for a copy of my SMSF EBook.

Hi Richard - same here in Sydney PG's always required. Another negative with NAB is that no mater how many times you provide the same Bare Trust documentation they still want to amend/change. Why.....because they can.

In fact one document provider now refuses to provide Instalment Warrant/Security Custodian deeds to prospective NAB SMSF borrowers because of this fact.

Mike Feltscheer
Navstar Financial Solutions
www.navstarfinancial.com.au