LMI Waiver Policy:
Eligible specialised professionals can obtain Home Loan, Investment Property Loan and/or Home Equity Loan consumer mortgage products to a maximum LVR of 90% without mortgage insurance subject to eligible criteria.
To be eligible for this policy the applicants must be employed within the industry as below
- General Practitioners
- Hospital-employed Doctors (e.g. Intern, Resident, Registrar, Staff Specialist)
- Veterinary Practitioners
- Medical Specialists—refer to List of Australian Recognised Medical Specialties for the list of acceptable Medical Specialties ( https://www.opton.com.au/wp-content/uploads/2019/05/AMC-list-of-specialties.pdf)
Industry Specialisation Sector
- Actuaries/ Auditors
- Finance Managers
- Mine Surveyors
- Quantity Surveyors
- Geologists/ Geophysicists
Sports and Entertainment Sector
Applicant must meet the qualifying occupation, employment criteria and policy.