MFAA’s SMSF lending program attracts more brokers
Since the Mortgage and Finance Associations of Australia’s SMSF lending training program launched in June this year, more than 130 credit advisers have signed up.
The MFAA estimates that direct property investments now make up 10 per cent of SMSF portfolios. Increasingly, mortgage brokers have shown growing interest in getting more involved in this space.
MFAA chief executive Phil Naylor described the number of credit advisers who have already signed up to the lending program as a good start.
"We are very pleased that so many brokers and their firms have signed up to the training program for SMSF lending, as it represents a great opportunity for ambitious operators to expand their range of expertise and scope of service," he said.
While he expects the program to continue to attract a reasonably large number of brokers, Naylor said the focus wasn't on numbers.
"It's really about making sure that all our members who are involved in SMSF lending are appropriately accredited and understand the do's and don'ts," he said.
AUTHOR
Staff Writer
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