As our name suggests we primarily focus on assisting you to select and implement the most appropriate lending solution for your unique scenario. In order to facilitate the needs of our Clients and their Advisers we offer the following services ~ which are transparent and either independently offered or can be bolted together for a total end-to-end solution.
Depending on your circumstances and the extent of the Advice Team you already have at your disposal, you may need us to provide only one or a combination of these services to ensure a smooth and seamless result:
· Introduction to specialist SMSF Advisers
· Establishment of SMSF and Custodian Trust and Trustee structures
· Identification of the most appropriate loan / lender
· Assistance with loan applications through to settlement
· Introduction to specialist investment property fulfilment
· Introduction to SMSF Administrator and / or Auditor
SMSF Loans Service Proposition
The primary role internal to the SMSF Loans Team is to assist you with the analysis of your scenario, determine the most appropriate lending structure and lender, and assist to settle your loan as quickly as possible and with the minimum of stress.
The steps are as follows:
1. Once you complete our Loan Enquiry Form we'll undertake an initial FREE review of your scenario and communicate with you and/or your Advisers to confirm your goals and requirements.
2. We'll then provide you with a 'quote' of the parameters under which we believe we can secure a loan for your SMSF.
3. At this stage if you wish to proceed we will invoice you for our upfront Fee for Service. Please note that this fee is refundable if we fail to deliver the quoted outcome. In addition we will rebate the upfront commission we receive from the Lender up to the value of our Fee. For most of our Clients this means that our service is effectively free* following settlement of the loan. Please see the Rebates and Refunds headings below for more detail.
4. We then assist you to make an Application, compile your supporting documentation and we follow the transaction through to settlement ~ involving you and your Advice Team as required.
Our Fee for Service
Our standard fee for service is $1,950 (including GST). In the unlikely event that your unique situation will involve a great deal more work than normal we will quote you a separate fee after we have undertaken the initial FREE assessment of your scenario.
Rebates of Commission
We will rebate any upfront commission we receive from the Lender with whom we place your Loan up to the full amount of the Fee for Service that we have charged you. For the vast majority of our Clients this results in a service that is effectively free*. Note that Lenders normally pay commissions about 4 weeks after settlement of the Loan.
Refund of the Fee for Service
It is extremely rare for us not to be able to secure finance in accordance with the parameters we quote following our initial review of your scenario. However, where, through no fault of yours, we are unable to secure you an offer of finance that is ostensibly the same as what we have quoted you we will refund our Fee to you in full.
Please note that we will not refund the fee where we have undertaken work on your transaction and any of the following apply:
A. You decide not to go ahead with the transaction for any reason despite the fact that we have been able to secure finance for you - or would have been able to do so had you not ceased providing pertinent information or documentation;
B. You arrange finance elsewhere;
C. You have withheld information that is relevant to our ability to assist you including, but not limited to credit impairments or other Applications for finance;
D. You have misrepresented the capital value or income of your Fund or its Members;
E. The quoted interest rate has varied but only in line with general market movements;
F. You instruct us to continue to facilitate finance for you on amended terms.
* Lenders normal fees and charges apply.
Disclaimer: Please note that our SMSF Loan Consultants are accredited to provide credit advice and general assistance only with your lending needs. They will not offer financial advice nor will they make a recommendation on whether you should or should not use leveraged property investment through your SMSF to achieve your financial goals. You will require financial and/or taxation advice from appropriately qualified professionals. You may already have an Adviser - who we will liaise with on your behalf. If not, SMSF Loans can provide a referral to a suitably qualified Adviser.
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1300 485 243
