AMP recommences accepting new Self Managed Super Fund property loans from Monday 14 December 2015

Self Managed Super Fund property loan applications will now (14 December 2015) be accepted by AMP Bank. This is continuing signs that lending is returning to normal, after news that Bankwest increased its maximum loan to value ratio to 90% for investor loans and AMP again recommenced lending to investors.

The basic parameters around AMP Self Managed Super Fund property loans includes:

A maximum loan to value ratio of 70% (note that Oak Laurel has access to SMSF lenders that accept up to 80% loan to value ratios for SMSF property loans).
Only properties established for greater than 6 months (including Off the Plan properties) can be provided as acceptable securities
The SMSF must have a minimum pre-purchase net asset position of $200,000 (prior to any expenses incurred in relation to the proposed property purchase).

The following documents are required as evidence of the net asset position:

The most recent tax return/balance sheet statement for existing SMSFs (must be dated within the last 12 months)
A Statement of Funds for new SMSFs
Bank statements confirming outstanding balances of all the SMSF’s liabilities
A valuation report of the asset dated within the last 12 months is required if the asset type is categorised as ‘Other’ (e.g. Artwork)

The SMSF must pass a liquidity test. The SMSF must hold liquid assets (cash, shares, government bonds, term deposits) amounting to a minimum of 10% of the total SMSF assets after the loan settlement.

AMP recommencing SMSF property loans is another win for people’s choice of investment options within their self managed super funds. Now that the Government has rejected a ban on SMSF property loans we can expect further competition in the SMSF property loan space as other lenders also provide new options.

Looking to compare your SMSF property loan options?

There are still a range of lenders that are offering SMSF property loans including at 80% loan to value ratios. We can help you compare and obtain a SMSF property loan that suits your needs. Ask us!

SMSF property loans

Looking for higher loan to value investment loan options?

There are still a range of lenders that are offering higher loan to value ratios for investment loans. Do you want to compare your investment property loan options? Ask us!

95% LVR investment loans