LRB SMSF

By using our recommended service provider you can be sure to get the best advice for your super fund loan and there experience in this field will also ensure the legal structure established correctly, at a minimal cost and inline with the banks individual requirements.

The Property Trust service inclusions are as follows:
  • Security Custodian/Bare Trust Deed;
  • SIS Act S67A & 67B, Auditors “Letter of Compliance”;
  • Minutes of meeting for any/all Corporate Trustee/s;
  • Beneficial Owner Statutory Declarations;
  • Trustee Statutory Declarations;
  • Trust Deed/s “signed off” by major banks/lenders;
  • All documentation individually Solicitor prepared;
  • Full legal backup (at no additional cost).

 

 Property Trust Service   $1100.00
 Corporate Trustee for Bare Trust   $  770.00
 Total Cost   $1880.00

Note that this is a documentation service only

Existing client price is different to the above and we ask you to ring us for a quote

Other costs associated which may or may not be applicable
  • Bank Valuation Fee on Property
  • Bank Settlement Fee
  • Bank Establishment Fee
  • Bank Loan Application Fee
  • Stamp Duty on Bare Trust
  • Bank Legal Fees
  • Ongoing Bank Fees
  • Stamp Duty/s
  • Conveyancing Fees
  • Pest & Building Reports

Please check with financial intuitions for the full cost associated with a Limited Recourse Borrowing setup, ongoing, early termination and end of period costs.

To apply for a SMSF loan, you will need to provide the following specific documentation:
  • Certified copy of the SMSF Trust Deed & Corporate Trustee
  • Certified copy of Custodian Trust Deed & Corporate Trustee
  • Financial information to ensure serviceability (e.g. 3 years SMSF audited financial statements, 12 months SMSF bank statements, rental estimates)
  • Full copy of contract of sale

 

We can also arrange Private Loan Documentation for non bank/related party loans.

What is limited recourse borrowing?
Please peruse the other Titles on this ATO site as it will assist you with other question you will have.

Also you may also take a look at SuperGuide Moneysmart