General guideline for Medical Professional loans for no LMI above 80% LVR with banks
General guideline for Medical Professional loans for no LMI above 80% LVR with banks
Medico clients could borrow up to 95% LVR with no LMI. Max loan amount $5M ($7.5M total lending with LMI waiver).
The following occupations are eligible for 95% LVR, LMI waiver, with no minimum income requirements: · Dentists · General practitioners · Hospital-employed Doctors · Medical Specialists
The following occupations are eligible for 90% LVR, LMI waiver, with a minimum income threshold of $90,000 per annum: · Audiologists · Chiropractors · Midwives · Occupational Therapists · Osteopaths · Physiotherapists · Podiatrists · Radiographers · Registered Nurses · Sonographers · Speech Pathologists · Optometrists · Pharmacists · Veterinary Practitioners
Industry Specialisation, sport & Entertainment Policies Your clients could borrow up to 90% LVR with no LMI if they meet the approved industry accreditation, eligibility and income requirements. The qualifying professionals' gross taxable income must be a minimum of $120,000 per annum from the customers qualification (e.g., excludes rental income). Industries include: · Accounting · Legal · Sports & Entertainment
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Any further questions please email on simon.bowler@mortgagechoice.com.au or call on 0418 604 910