'Medico' package (85%+ LVR with no LMI) for IT workers

Hello brokers! (and forum),

Has anybody had any success getting some kind of medico style deal for an IT worker?

i.e. Investor loan, 85-90% LVR with no LMI?

I've heard mixed reports.

David.
 
No.

Here is the list of professions:

1. Medical Pracs
2. Accountant
3. Solicitors/Judges
4. Politicians
5. Celebrities
6. Athletes with current running contracts
7. Engineers
8. Bank employees
9. Actuaries
10. Auditors
11. CFOs
12. Surveyors
13. Geologists

Each profession has certain criteria that need to be met.
 
Politicians...seriously.....

And below don't really have stable jobs....
5. Celebrities
6. Athletes with current running contracts
11. CFOs


No.

Here is the list of professions:

1. Medical Pracs
2. Accountant
3. Solicitors/Judges
4. Politicians
5. Celebrities
6. Athletes with current running contracts
7. Engineers
8. Bank employees
9. Actuaries
10. Auditors
11. CFOs
12. Surveyors
13. Geologists

Each profession has certain criteria that need to be met.
 
Are you a member of the ACS? If so, might be worthwhile to check with them to see if they have any lenders that offer specials for members.
 
What about athletes of other disciplines?
I've never written one of these before (or celebrity unfortunately), but i believe the athlete will need a decent income with a contract thats still in place and isn't expired.

Pretty sure it can include many sports (not just athletics). Basically cant be a free agent.
 
Have a look at Suncorp's Specialist range (you can google it) they cater to some professions that fall outside the 'normal' ones.

Brokers don't have access to it though so not sure if IT is included.

There are a couple of lenders who will do 85% no LMI for everyone - Citi and Pepper and I think the Rock may still do it. But whether they are a good fit is another question. Citi have relatively high rates, and Pepper are a bit of a red flag on your credit file so it has to be weighed up in the context of everything else.
 
No.

Here is the list of professions:

1. Medical Pracs
2. Accountant
3. Solicitors/Judges
4. Politicians
5. Celebrities
6. Athletes with current running contracts
7. Engineers
8. Bank employees
9. Actuaries
10. Auditors
11. CFOs
12. Surveyors
13. Geologists

Each profession has certain criteria that need to be met.
What's a medico style deal? and do teachers meet the requirements?
 
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