Home Loans
Unlock Your Homeownership Dreams with Lendco Finance
Buying a home is more than a transaction; it’s a significant milestone and an exciting adventure. At Lendco Finance, we’re here to make your journey to homeownership smooth, straightforward, and tailored just for you.
Your home ownership journey
SELECT YOUR CURRENT HOME OWNERSHIP GOAL.
First-Time Homebuyers: Your Guide to Getting Started
Stepping into the world of homeownership is thrilling, and with Lendco Finance by your side, you’re not alone.
What You Need to Know About Deposits and Loans
Moving Up: Buying Your
Next Home
Whether you’re upgrading, downsizing, or transforming your first home into an investment property, buying your next home involves its own set of considerations:
Pre-Approval: A Smart Start
Getting pre-approved gives you a clear picture of what you can afford and shows sellers you’re serious, it is also non-negotiable in some buying situations like bidding at an auction. Our team can assist you with the pre-approval process, providing confidence and clarity as you search for your next home.
At Lendco Finance, we’re dedicated to making home buying an exciting and achievable goal. Let us handle the details so you can focus on finding the perfect place to call home.
Your Journey to Owning an
Investment Property
Property remains a favoured investment option for Australians looking to grow their wealth steadily. With a history of delivering reliable returns, real estate can be a valuable addition to your financial portfolio. However, the key to maximising your investment’s potential lies in securing the right finance—and that’s where Lendco Finance steps in.
Over time, property values have typically risen, making real estate a dependable long-term asset. Besides potential capital gains, rental income can provide a regular revenue stream, helping to cover expenses and boost cash flow. Combined with potential tax benefits, it’s easy to see why property is a go-to strategy for building wealth.
At Lendco Finance, we’re here to guide you through every step of financing your investment property, ensuring you have the right loan to suit your needs and goals.
Buying Property with Your SMSF: The Essentials
A Self-Managed Super Fund (SMSF) is a type of superannuation fund in Australia that allows individuals to take control of their retirement savings by managing their investments directly. These investments include purchasing of property, however there are some important restrictions and rules you need to consider.
If you’re considering purchasing property through your Self-Managed Super Fund (SMSF), you’ll need to follow some key rules.
- Sole Purpose Rule: The property must solely provide retirement benefits to SMSF members.
- No Related Party Purchases: The property can't be bought from a family member or related party.
- No Personal Use or Renting: Neither you nor your family can live in or rent the property.
However, if your SMSF buys commercial property, it can be leased to a member’s business—just make sure it's at market value and within the rules.
- You can only buy a single asset, like a residential or commercial property.
- This should align with your SMSF’s investment goals and risk profile.
- Borrowing adds complexity, so getting licensed financial advice is crucial.
- Higher Loan Costs: SMSF loans are generally pricier than regular property loans.
- Cash Flow: Your SMSF must maintain enough liquidity to cover loan repayments, property expenses, and retirement payments.
- Loan Repayment Strategy: Make sure there’s a plan to cover the loan if a member falls ill, passes away, or if there's a rental vacancy.
- Hard to Reverse: If not set up correctly, unwinding an SMSF loan can be costly.
- No Tax Offset: You can’t offset property tax losses against personal income.
- No Alterations: You can’t alter the property until the loan is fully repaid.
Pre-Approval:
A Smart Start
Getting pre-approved gives you a clear picture of what you can afford and shows sellers you’re serious, it is also non negotiable in some buying situations like bidding at an auction. Our team can assist you with the pre-approval process, providing confidence and clarity as you search for your next home.
At Lendco Finance, we’re dedicated to making home buying an exciting and achievable goal. Let us handle the details so you can focus on finding the perfect place to call home.
