Home Loan Variable: 2.51% (2.53%*) • Home Loan Fixed: 2.99% (2.64%*) • Fixed: 2.99% (2.64%*) • Variable: 2.51% (2.53%*) • Investment IO: 3.09% (2.98%*) • Investment PI: 2.71% (2.73%*)

  Frequency Asked Questions

Home Loans for Legal Professionals, Accountants, Barristers, and Lawyers

Barristers, Lawyers and accountants are recognised as low-risk borrowers with high incomes and for this reason, you can borrow up to 90% of the value of the property and pay no Lenders Mortgage insurance (LMI). Normally LMI is payable if you borrow more than 80% of the value of the property. As an example, the purchase of a $1,000,000 investment property with a $100,000 deposit would save you approximately $23,000 in LMI costs. You may also be eligible for a interest rate discount and when purchasing multiple properties, some lenders may allow you to borrow to a higher overall debt level. You can still qualify for the discount when purchasing a property in multiple names as long as one of the applicant meets the lenders eligibility criteria and owns an equal share in the property.

Download our 40-page First Home Buyer Guide to assist with your purchase journey.

 

First Home Buyer

  AUS Eastern Standard Time (California)

  Want a no-obligation discussion?
 

Share this FAQ

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on pinterest
Share on Pinterest