🏡 90% LVR No LMI Home Loans: A Game-Changer for Melbourne Buyers and Investors
Big news for Melbourne home buyers and property investors — you can now borrow up to 90% of a property’s value without paying Lenders Mortgage Insurance (LMI).
That’s right — just a 10% deposit and no LMI, now available for both owner-occupiers and investors.
As a local Simon Bowler based in Northcote, I’m excited to share this new opportunity from one ourlender on the panel of lenders that can help you get into the property market sooner, save thousands in upfront costs, and secure a competitive rate.
💡 What Is the 90% LVR No LMI Offer?
Traditionally, borrowers who contribute less than a 20% deposit are required to pay Lenders Mortgage Insurance (LMI) — a fee that protects the lender, not the borrower, and can cost tens of thousands of dollars.
With this new 90% LVR No LMI offer, eligible borrowers can purchase a home or investment property with just a 10% deposit — and skip the LMI completely.
This offer is now a permanent feature of Ubank’s lending range and applies to:
- Owner-occupied loans (Principal & Interest)
- Investment loans (Principal & Interest)
📋 Key Details You Need to Know
Here’s a quick breakdown of what’s available:
✅ Up to 90% Loan-to-Value Ratio (LVR) — only a 10% deposit required
✅ No LMI or risk fee charged — permanent offer
✅ Available for both Owner Occupied & Investment loans
✅ Principal & Interest (P&I) repayments only
✅ Loan terms up to 30 years
✅ Maximum loan amount for loans above 85% LVR is $2 million
This means you can save thousands upfront and keep more money available for moving costs, renovations, or simply improving your financial flexibility.
🏘️ What This Means for Buyers and Investors
For first home buyers, this opens the door to the property market faster. Instead of waiting years to save a 20% deposit, you can buy with just 10% and still avoid LMI.
For property investors, this offer is equally valuable — historically, no-LMI options were limited to owner-occupied loans, but this change means investors can also benefit.
Imagine being able to purchase your next investment sooner, without losing tens of thousands to insurance premiums.
💰 Example: How Much Could You Save?
If you’re purchasing a $900,000 property with a 10% deposit ($90,000), traditional lenders might charge over $18,000 in LMI fees.
With this new 90% LVR No LMI loan, that cost is completely removed — putting those savings straight back in your pocket.
📈 Changes to Debt-to-Income (DTI) Policy
Ubank has also announced a change to their Debt-to-Income (DTI) ratio policy.
The lender will now accept applications with a DTI up to 8 (previously 6), giving more flexibility to borrowers with strong incomes and responsible credit histories.
Note: Applications with a DTI above 6 should be discussed with your broker prior to submission. For “Alternative Refinance Assessments”, the DTI cap remains at 5.
This change allows more clients — especially self-employed professionals and investors — to qualify for higher loan amounts while maintaining responsible lending standards.
⚙️ Fast, Simple Lending Solutions
This update is part of a broader push toward faster, simpler, and more flexible lending. For clients in Melbourne, it means more choice, greater accessibility, and a smoother loan process — especially when working with an experienced broker who knows how to structure your application correctly.
🧭 How I Can Help
As your local broker Simon Bowler in Melbourne, I’ll help you:
- Understand if you qualify for the 90% LVR No LMI offer
- Compare this product with other lenders and loan types
- Structure your finances for long-term property success
Whether you’re a first home buyer, experienced investor, or self-employed borrower, I’ll find the right solution to get you approved sooner — with less stress.
📞 Let’s Chat
Ready to see if you qualify for the 90% LVR No LMI home or investment loan?
Get in touch today for a free, no-obligation chat.
📍 Simon Bowler –
Helping Melbourne clients find smarter, simpler lending solutions every day.
Your goals. Your property. My expertise.
