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 finance
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: Please note; These high LVR are case by case and the application be very strong in servcing and above minimum bank criteria.
· Dentists
· General practitioners
· Hospital-employed Doctors
· Medical Specialists
medico finance
The following occupations are eligible for 90% LVR, LMI waiver, with a minimum income threshold of $120,000 per annum:
- Audiologists
- Chiropractors
- Midwives
- Occupational Therapists
- Osteopaths
- Physiotherapists
- Podiatrists
- Radiographers
- Registered Nurses
- Sonographers
- Speech Pathologists
- Optometrists
- Pharmacists
- Veterinary Practitioners
Please note; The above list of medical professional is always changing and it is always good just check with your finance broker to see if your medical profession is on the list
Industry Specialisation, sport & Entertainment Policies
Other industry specialist
These type of industries include;
- Accounting
- Legal
- Real estate rent rolls
Indicative lending parameters (subject to credit approval)
Up to 60% LVR IO and up to 70% LVR P+I (no external valuation required)
- Typically seeking 150+ residential properties under management
- ICR from 1.3x to 1.8x
- Ideally metro located agencies
- Lending for acquisition, succession, working capital etc.
- Sports & Entertainment
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