St George Removes SMSF Lending

St George continually review their products to ensure they meet the expectations and requirements of their customers. In order to streamline product offering, they have decided to withdraw the Self-Managed Super Fund Home Loan product from sale, effective Tuesday 31 July 2018.

In addition, St George are withdrawing from sale Business Lending to SMSFs for residential or commercial securities, effective Tuesday 31 July 2018.

St George will be removing product information off their websites.

If an application is Formally Approved or an Approval in Principle prior to Tuesday 31 July 2018 the original approval is permitted but only for the periods specified in the approval letter. No exceptions are allowed. No new applications will be accepted on or after Tuesday 31 July 2018. Approval in Principle is valid for a period of 90 days and no extensions are allowed. Approval in Principle for off-the-plan purchases (only) that require extension beyond 90 days, may be referred for consideration. Loan Applications received before the Tuesday 31 July 2018 will need to have obtained a formal Credit Approval by Tuesday 30 October 2018.