Lenders Mortgage Insurance (LMI) is typically charged when you borrow more than 80% of a property’s value. It protects the lender, not the borrower, and can add thousands to your upfront costs. However, many lenders offer LMI waivers or discounts to professionals in industries considered lower risk, such as medical, legal, finance and engineering.
At Square One Finance, we help eligible clients take advantage of these offers to save money and get into the property market sooner.
Each lender has its own list of approved professions, but common eligible roles include:
Medical professionals (doctors, dentists, pharmacists, optometrists, specialists)
Legal professionals (lawyers, solicitors, barristers, judges)
Accounting and finance professionals (accountants, actuaries, financial analysts)
Engineers and architects
Senior professionals in recognised associations (CPA, CA, AMA, etc.)
We’ll check the specific criteria across our panel of 50 lenders to determine where you qualify and what limits or benefits apply.
In addition to waived or reduced LMI, some lenders may offer:
Discounted interest rates for selected professions
Higher loan-to-value ratios (up to 90% or 95%)
Streamlined documentation or approval processes
Flexible loan structures for investment or practice ownership
We’ll help you take full advantage of these opportunities while keeping your loan strategy aligned with your long-term goals.
We understand how professional lending policies work — and how to position your application for approval. With access to more than 50 lenders across Melbourne and Australia wide, we’ll handle everything from eligibility checks to lender comparisons, paperwork and approval. Our goal is to make the process easy, transparent and rewarding.
