If You’re A Lawyer You Already Qualify For Fast Home Loan Approval and Preferential Treatment…

For Lawyers who are Australian citizens or residents

  • Borrow up to 90% of the purchase price
  • Zero Lenders Mortgage
  • Discounted interest rates
  • No cost, no obligation service
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For Legal Professionals

Mortgage Approvals Can Be Fast & Easy

Now, You Can Qualify for Discounted Interest Rates and Zero Lenders Mortgage Insurance Because of Your Profession.

If you’re a lawyer, barrister or solicitor earning $150k or more (you can use rental income or potentially income from professional partner to meet this threshold), you may qualify for a home loan of up to 90% of the property value without the need to pay Lenders Mortgage Insurance. That’s right, just a 10% deposit and no LMI! Depending on the purchase price of the property you’re buying, that equates to a saving of between $10,000 and $40,000. Here at, Professional Home Loans we are one of a limited number of brokers who are authorised to offer this type of mortgage to lawyers.

Who Qualifies For This Loan?

Lawyers who demonstrate that they meet the following eligibility criteria:

  •  You’ll need an annual income of $150,000 (gross) or more, or soon be earning at this level (can use rental income or income from professional partner to meet this threshold);
  • You’ll need to be an Australian Citizens or Permanent Residents;
  •  You’ll need to provide current practicing certificate, which permits you to practice in your jurisdiction;
  • Your property purchase must be either owner occupied or for investment purposes;
  • The maximum loan amount is $2 million;
  • If you’re a self-employed lawyer, then you’ll need to provide evidence that last year’s taxable income was $150,000 or more.

The LMI waiver rules also recognise that there will be couples where both partners are lawyers, but where neither has an individual income of $150,000. If you are ion this bracket, and your combined income is more than $200,000, then you will still be able to apply for the waiver.

What if I do not meet these criteria?

Don’t despair, because it’s likely we’ll still be able to help you. We may still be able to arrange a home loan up to 85% with no LMI premium payable.

Examples of lawyers using this policy

You could top up your existing home loan to 90% and pay no LMI. This would release surplus funds which you can then use to fund the 10% deposit plus costs on a new investment (or owner occupied) property. Providing the total transaction amount is below $2 million, you’ll have no LMI to pay. Not only that, we can source loan products specifically designed for lawyers. These include standard variable mortgages with package discounts, and fixed rate offers with features such as offset accounts and redraw.

Why are some banks waiving LMI for Lawyers?

LMI is designed to protect the lender against the possibility of default by its mortgage customers. However, some lenders have realised the chance of you, as a professionally qualified and respected practicing lawyer, defaulting is very low. Because of this, these banks are prepared to consider waiving the LMI premiums.

What is the next step?

Remember, there are only a limited number of firms authorised to offer you these valuable benefits. Here at Professional Home Loans we are leaders in this specialised area.

There is no cost for our service and absolutely no obligation. Enquire Now

Only certain firms are authorized to provide this special benefit. Click on your profession to the right to learn more or Call 1300 55 44 97 today to learn how we can help make your hard work and professional experience pay off!

Remember, only certain brokers are authorised to provide this special benefit.

Contact us online or call 1300 55 44 97 today to learn how we can help make your hard work and professional experience pay off!

  • Getting a home loan was really simple with Professional Home Loans.
    "We went overseas during settlement and it was not a problem for them, everything went smoothly and I'm writing this from my new home! "
    - Jack Clancy -Physio –
    Well done you made it easy with no BS.
    "Couldn't ask for a better job - until next time (although no time soon, moving was awful). "
    - Accountant, Mick and Vanessa Renton – 90% no LMI Brisbane, QLD.
    No LMI for building home in Sydney as well as 90% LVR no lmi for investment proerpty off the plan in Newcastle.
    "Professional Home Loans has provided us with a very professional service, communicating all the available options to us and in the process he has literally saved us $75k that we would have otherwise paid. They certainly go beyond the call of duty. "
    - Hamilton (Accountant) & Nyari (Doctor) Sydney, NSW
    Working for QLD Health achieved 90% LVR no LMI at normal rates - From UK. Sunshine Coast, QLD
    "We were able to get a loan at a good rate and avoid paying LMI which saved us several thousand dollars that we can now put towards other things. Very helpful and informative about all aspects of the process, not just the loan, which we really appreciated as it made the whole thing a lot easier for us. "
    - Craig and Louise (Medical Registrars) Sunshine Coast QLD
    On a contracting basis – she got paid roughly 70% of what she billed.
    "We assisted Arlyn with a 90% Mortgage with No Lenders Mortgage Insurance payable so she could buy a house and land package Thanks so much. All credits goes back to you as you helped me make all this happen. I couldn’t thank you enough for the job excellently done. "
    - Arlyn (Doctor) Townsville QLD
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