We’ve decreased our SMSF loan rates and compliance fee

Our SMSF residential variable loan interest rates have decreased for new customers. The new rates apply to all applications in progress on or after 14 December 2022:

• 5.89% for loans ≤60% LVR - a decrease of 0.40%
• 6.09% for loans ≤70% LVR - a decrease of 0.40%
• 6.59% for loans >70% LVR - a decrease of 0.10%

Additionally, we’ve reduced our SMSF compliance review fee from $1,375 to $1,250.

For further information, please speak to your BDM or download the product matrix.

Broker success story

How we helped broker Sam work through a tough SMSF deal, offering fast turnaround times and exceptional service.

What was the customer’s situation?
The clients wanted to purchase multiple residential properties through SMSF, under extremely tight turnaround times for settlement. They wanted to maximise LVR through rental and interest returns only and therefore did not contribute more to the fund.

Turnaround times were tight and became a challenge when we experienced delays with valuations and tenant issues.

How did we help?
The credit team updated the broker promptly when they experienced delays with property valuation. Documents were escalated quickly, emailed and reviewed via scan return to reduce time. Both property purchases settled on time so the client couldn’t be happier.

What Product did you receive?
SMSF residential loan

Tips from our underwriters

Where possible, providing commentary on specifics when submitting an application can help streamline and speed up the process. For example, explaining what the funds are for when a cash out is requested.

This publication is intended for Connective and Bluestone accredited introducers and referrers only and is not to be distributed to anyone else, including consumers, under any circumstance. The information provided is general in nature and does not take into account your individual personal needs, requirements and circumstances. It is not a recommendation about any financial product(s) and does not constitute financial or tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. The information in this email is given in good faith, believed to be accurate at the time of posting and is subject to change at any time. Information accurate as of 13 January 2023.

Your Connective Elevate Home Loan is administered by Bluestone Servicing Pty Ltd (Bluestone) ACN 122 698 328 (Australian Credit Licence No. 390183) on behalf of the Credit Provider, Permanent Custodians Limited ACN 001 426 384. Distributed by Connective Credit Services Pty Ltd ACN 143 651 496 (Australian Credit Licence No. 389328) trading as Connective Home Loans.