Bluestone Home Loans Launches Home Loans for SMSF

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Bluestone Home Loans, a mortgage lender, has announced the launch of its SMSF mortgage product.

The new mortgage product will focus on three key principles: compliance, ongoing support for brokers throughout the loan process, and clear and understandable policies.

Eligible customers can borrow up to $1.5 million and 80% LVR, depending on the property’s location, the mortgage lender said.

To be eligible, a borrower must comply with the SMSF with a corporate trustee with net worth greater than $200,000 and the related assets must be owned by another corporate security trustee.

Loans are available for new purchases and refinancing and are subject to principal and interest and interest only terms.

Bluestone Home Loans Chief Customer Officer James Angus said SMSF’s home loan product will help more brokers be better served as more than one million Australians decide to have more control over their old age pensions. said that it will be able to meet the needs of the market that has not.

“Earlier this year, we spoke with brokers to understand their needs and frustrations regarding SMSF loans. Ongoing support for brokers throughout the process, clear and understandable policies,” said Angus.

“Our ambition is to offer the best SMSF loans on the market, both in terms of products and the support and education we can provide to brokers and their staff. We are delighted to be able to offer a product that is

Bluestone’s Head of Professional Distribution, Richard Chesworth, said education will be central to the support offered to brokers to help them leverage Bluestone’s experience to diversify their businesses.

“Additionally, with support provided at every stage of the process, brokers can be confident that their clients’ compliance needs are being met, which is often the biggest challenge with SMSF lending,” says Chesworth. says Mr.