Search found 3 matches

by
Tue May 14, 2019 7:16 pm
Forum: Home Loan Forum
Topic: My AMP SMSF loan got knocked back! Need a lender that can help me
Replies: 5
Views: 12327

Re: My AMP SMSF loan got knocked back! Need a lender that can help me

I distinctly remember having to sign a personal guarantee for my first mortgage through my SMSF. It defeats the whole purpose of limited recourse borrowing. Do I need to provide a personal guarantee for my SMSF?
by
Tue May 14, 2019 6:10 pm
Forum: Home Loan Forum
Topic: My AMP SMSF loan got knocked back! Need a lender that can help me
Replies: 5
Views: 12327

Re: My AMP SMSF loan got knocked back! Need a lender that can help me

I’ve managed my super fund as the sole trustee for the last decade and I simply don’t understand why banks pulled out of SMSF loans? Does the Royal Commission have anything to do with this?
by
Tue May 14, 2019 4:15 pm
Forum: Home Loan Forum
Topic: My AMP SMSF loan got knocked back! Need a lender that can help me
Replies: 5
Views: 12327

My AMP SMSF loan got knocked back! Need a lender that can help me

I’ve managed my SMSF for the past few years and now I’m looking to add another property. I was knocked back for an AMP SMSF residential loan because one of their loan officers told me that they’ve stopped offering SMSF loans.
Are there other lenders who can lend me the amount I need? If so, how do I qualify for one?