Another hindrance’ for already-weak market: Westpac stops SMSF home lending
CHRIS KOHLER JUL 16, 2018
Westpac has sent another shiver through an already-anxious Australian property market by announcing it will no longer lend to self-managed super funds wanting to invest in residential property.
In a move designed to “streamline” its product offering, Australia’s second-biggest mortgage lender, confirmed on Friday it would stop selling its SMSF home loan products, along with its subsidiaries St George, Bank SA and Bank of Melbourne.
