Trust loans
Borrowing for trusts can be complex, but we have the lenders & the know-how to make it simple for you.
Trust Loans
Many people prefer trust loans because of the tax advantages and asset protection features when buying a property. However, you may miss out on some of these tax advantages if your lender doesn’t know how to properly structure the trust loan. There are different types of trusts that can be used for investing in a property, but the most common are:
- Family Trust
- Discretionary Trust
- Unit Trust
- Property Investment Trust
- Hybrid Trust
- Self-Managed Superannuation Fund Trust (SMSF)
Lenders usually look for the type of trust, credit file, loan structure, and beneficiaries when carrying a full credit assessment to determine if they should approve the trust loan or not. They will also need a certified copy of the trust deed, a certified copy of the company constitution, identification of trustees, directors, and beneficiaries of the trust. Some may also require tax returns and notices of assessment for the trust.
Although a trust loan may look complicated for most borrowers, 3Carrots staff are experienced mortgage brokers who know how trusts work and which banks accept each type of trust. If you would like to talk to a mortgage broker from 3Carrots to know more about trust loans, please call 0434 390 688.