Search found 3 matches

by Steve
Fri Jul 05, 2019 6:52 pm
Forum: Home Loan Forum
Topic: Got knocked back for a Macquarie Bank SMSF loan
Replies: 5
Views: 2926

Re: Got knocked back for a Macquarie Bank SMSF loan

Both my wife and I are the trustees and beneficiaries of our combined SMSF. I’ve heard that SMSF lenders prefer a corporate trustee, is that so?
by Steve
Fri Jul 05, 2019 4:50 pm
Forum: Home Loan Forum
Topic: Got knocked back for a Macquarie Bank SMSF loan
Replies: 5
Views: 2926

Re: Got knocked back for a Macquarie Bank SMSF loan

I’ve heard that lending criteria have become significantly harder specifically borrowing power assessment. So, how do the lenders calculate SMSF borrowing power? Do they use the smsf income from the latest year’s trust tax returns? How much of the rental income can be considered for servicing?
by Steve
Fri Jul 05, 2019 3:56 pm
Forum: Home Loan Forum
Topic: Got knocked back for a Macquarie Bank SMSF loan
Replies: 5
Views: 2926

Got knocked back for a Macquarie Bank SMSF loan

Hi, we spoke with our advisors and set up a self-managed superannuation fund (SMSF). My wife and I are both trustees of the fund. We’re looking at using our SMSF to invest in property. We were very surprised when our bank Macquarie told us that they’ve pulled out of SMSF lending entirely. We’ve foun...