Teddington Blog

Limited Resource Borrowing Arrangements (LRBA) for Self-Managed Super Funds are in perilous shape.

Your fate with Limited Resource Borrowing Arrangements is shaky as Westpac Group is no longer offering these products. The group, including Westpac, St. George, Bank of Melbourne and Bank of SA, will continue to honour existing loans however it may indicate that other banks are likely to follow suit.

With the heat of the Banking Royal Commission, banks have been looking to reduce risk. We have seen changes to the SMSF lending space with this intention by most banks. While the Westpac Group may still be refinanced to principal and interest, these indications point to the very real possibility that it won’t be an option in the future.