Wednesday, February 1, 2023
HomeMortgageBluestone Dwelling Loans cuts charges for its SMSF residential loans

Bluestone Dwelling Loans cuts charges for its SMSF residential loans


Bluestone Dwelling Loans has slashed the rates of interest for its self-managed superannuation fund (SMSF) residential loans.

Efficient at this time, the brand new fee for SMSF residential variable loans are as follows:

  • 5.89% for loans ≤60% LVR – a lower of 0.4%
  • 6.09% for loans ≤70% LVR – a lower of 0.4%
  • 6.59% for loans >70% LVR – a lower of 0.1%

“Bluestone’s SMSF residential mortgage launched in October, and we’re already receiving nice suggestions from brokers about our turnaround occasions and easy software course of via ApplyOnline,” stated James Angus, chief buyer officer at Bluestone Dwelling Loans. “Our underwriting group at present picks up an SMSF software inside hours of it being lodged, and the common time to conditional approval is just one enterprise day.

“With current SMSF loans generally sitting round 8%, it is a nice time for brokers to take a look at refinancing,” Angus stated. “As we head into 2023, we’re aiming to broaden the pool of brokers writing SMSF loans with Bluestone and continually on the lookout for methods to enhance the dealer expertise. Backed by a group with 15 years of SMSF mortgage expertise, our focus will proceed to be on schooling and compliance. Since launching our SMSF product we’ve run dozens of in-person and digital workshops across the nation to supply one-on-one assist to brokers.”

Discover out extra about Bluestone SMSF residential loans right here.

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