SMSF home loans are increasingly hard to find
Lenders are continuing to wind back their lending to self managed superannuation funds in order to comply with regulator targets. Adviser Samantha Bright said lenders are “dialling down” their activity in the space and some credit unions have left the market altogether. “It’s now a significant challenge for SMSFs with a balance of $200,000 and under to secure a loan,” said Ms Bright.
Source: Mortgage Business