What you need to know
Keeping the intro section consistent across the LMI waiver series
Who qualifies?
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Solicitors & Barristers - Current practising certificate and Law Society or Bar Association membership
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Accountants - CPA, CA ANZ, or IPA membership with active registration
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Actuaries & Auditors - FIAA, CFA or registered auditor status
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Minimum income: $120k-$150k (varies by lender and location)
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Australian citizen or permanent resident
Key benefits
Major Bank Options
Access to ANZ, CBA, NAB and Westpac professional packages with 90% LVR
Partners Welcome
Law firm and accounting practice partners qualify with partnership agreements and financial statements
Higher Loan Limits
Borrow up to $2M-$2.7M at 90% LVR depending on lender
Policies, LVR caps and postcodes can change without notice. Use this page as a guide, then confirm exact settings with us before you lodge.
Have your current practising certificate or professional membership, employment contract, payslips and ID ready. That keeps every profession on the same streamlined checklist so we don't need a separate "application requirements" section.
Lender comparison
LMI waiver packages for legal and accounting professionals
| Lender | Max LVR | Professions | Min Income | Max Loan |
|---|---|---|---|---|
| CBA | 90% | Lawyers, Accountants | $120k-$150k | Varies |
| ANZ | 90% | Lawyers, Accountants | $150k | Typically $2M at 90% |
| NAB | 90% | Lawyers, Accountants, Actuaries | $120k-$150k | $2M-$2.7M |
| Westpac | 90% | Lawyers, Accountants | $90k-$150k | Varies |
| Granite Home Loans | 90% | Lawyers, Accountants, Auditors, Financial Planners | Varies | $2.5M (Broker only) |
FAQ
Legal & accounting professionals usually ask these before we lodge
I'm a junior lawyer/accountant - do I qualify?
Yes, but you must be off probation and meet the minimum income threshold ($90k-$150k depending on lender). Some lenders require 3+ years of experience for higher LVRs (95%), while 90% LVR may be available earlier in your career.
Can I use this if I'm a partner in a law firm or accounting practice?
Absolutely! Partners are eligible and often have stronger applications due to higher income. You'll need to provide partnership agreements and business financial statements in addition to standard documentation.
What if I work in-house (corporate lawyer or accountant)?
In-house lawyers and accountants qualify as long as you have current practising certification/professional membership and meet income requirements. Your employment is often viewed favourably due to income stability.
Why is the maximum loan amount typically $2M?
Unlike medical professionals who often get higher limits ($4-5M), legal and accounting professionals typically have a $2M-$2.7M cap at 90% LVR. This is set by individual lender risk policies. For properties above this, you may need a larger deposit or alternative structuring.
Can I get 95% LVR or is it only 90%?
Right now most lenders cap at 90%. A handful of bespoke options occasionally stretch to 95% for accountants, but they change often and usually require 3+ years experience and $150k+ income. We'll let you know if a live 95% option exists when we review your file.