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LMI Waiver Policy Update for Medico

Posted October 30, 2023 in Stock

Welcome to Touch of Finance! As always, our mission is to support our valued customers in every way possible. Here's the latest update on medico professions to help you stay informed.

95% LVR with LMI Waiver

Up to 95% LVR (Loan to Value Ratio) with LMI (Lenders Mortgage Insurance) waived for eligible occupations with no income threshold.

Eligible Medical Occupations

  • Dentists
  • General Practitioners
  • Hospital Professionals
  • Medical Specialists

90% LVR LMI Waiver Eligibility

Veterinarians, Pharmacists, Optometrists and eligible Allied Health professionals including, nurses and midwives. All must meet the minimum income threshold of $90K per annum.

Loan Amount

Maximum loan amount of $5mil for all loan purchases. refinance and scenarios below;

  • OO Owner Occupied
  • IPL Investment Property Loans
  • P&I Principle & Interest
  • IO Interest Only

Medical Professionals with a Minimum Annual Income Threshold of $90K

  • Audiologist
  • Chiropractors
  • Occupational Therapist
  • Osteopath
  • Physiotherapists
  • Podiatrist
  • Psychologists
  • Sonographer
  • Speech Pathologist