Lender sweetens SMSF offering with increased LVRs

by Adam Smith07 May 2013


Mortgage manager Australian First Mortgage has upped the LVRs for its commercial SMSF product.
The company today announced it would increase LVRs for SMSF commercial property finance from 65% to 70%.
"This is excellent news for borrowers considering purchasing a property through their super fund. Whilst 65% was an acceptable LVR, 70% makes it extremely attractive," director Iain Forbes said.
Forbes said the company specialised in SMSF lending for both commercial and residential properties. LVRs for residential SMSF loans will remain at 80%.