RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%  

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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.

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