This just came out today - lets hope some of the second tier lenders follow suit.
Effective Monday 25 November 2013, ANZ will waive the LMI requirements including the premium, up to a maximum LVR of 90%, where the customer meets the eligibility criteria and is in an eligible profession. This applies to first or subsequent purchases.
A quick snap shot of the criteria are:
At least one of the applicants must be engaged in an eligible Medical profession - either Medical Practitioner, Dental Practitioner or Medical Specialist
The eligible applicant must have a current status of ?Registered? verified via ?Australian Health Practitioner Regulation Agency?.
The application can be in an Individual / Trust or Company name
Where the applicant is a Company or Trust, the eligible applicant must hold 25% or greater ownership in that entity
Effective Monday 25 November 2013, ANZ will waive the LMI requirements including the premium, up to a maximum LVR of 90%, where the customer meets the eligibility criteria and is in an eligible profession. This applies to first or subsequent purchases.
A quick snap shot of the criteria are:
At least one of the applicants must be engaged in an eligible Medical profession - either Medical Practitioner, Dental Practitioner or Medical Specialist
The eligible applicant must have a current status of ?Registered? verified via ?Australian Health Practitioner Regulation Agency?.
The application can be in an Individual / Trust or Company name
Where the applicant is a Company or Trust, the eligible applicant must hold 25% or greater ownership in that entity