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Non-major bank leaves SMSFs off list in lending changes

Miranda Brownlee
14 January 2016 — 1 minute read

Despite recent changes made to home loans for retail property investors, one non-major bank has retained its current settings in place for SMSF property loans.

A spokesperson for Heritage Bank confirmed that while the loan-to-value ratio limit has been increased from 80 to 90 per cent for investment loans for retail investors, it remains at 80 per cent for SMSF loans for residential property and 65 per cent for commercial property.

David Ure, Heritage Bank head of third-party channels, said the changes to its investment loans reflected the company’s “determination to ensure sustainable growth in the home loan and investment sector”.


“This change will allow Heritage to continue to grow within the bounds of the 10 per cent guidelines imposed by [APRA],” Mr Ure said.

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Miranda Brownlee

Miranda Brownlee


Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.

Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates. Miranda has also directed SMSF Adviser's print publication for several years. 

Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.

You can email Miranda on: This email address is being protected from spambots. You need JavaScript enabled to view it.

Non-major bank leaves SMSFs off list in lending changes
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