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It's interesting that the LMI waivers are being offered to people who are essentially on fairly high incomes. I get that lenders want to target this income profile, but realistically these sort of people are the last ones that should need an LMI free loan. I admit I don't have any clients...

Investec structures it into two loans. One is quite competitive, the second is privately funded at a significantly higher interest rate. They make the LMI back very quickly with this structure and rely on you not being able to refinance because the LVR is still quite high. It is not as cheap...

Practically speaking the most you'll get without LMI is 90%. Not only doctors, but even vets and a few other professions can get the same deal at the moment with multiple lenders. I think the criteria are along the lines of being able to write a prescription.