Home Loans for Accountants

Some Accountants May Be Able to Borrow Up to 100% of the Property Value

In limited circumstances, some lenders may consider offering up to 100% LVR home loans to eligible professionals, including accountants. This usually involves structuring the loan into two components:

• Loan 1: Up to 90% of the property value with potential LMI waiver.
• Loan 2: A secondary loan that may cover additional costs such as stamp duty or fees, and may come with higher interest rates depending on the lender and risk profile.

These arrangements are not commonly available and are subject to strict eligibility requirements. Speak with a broker to explore whether this option may be suitable for your situation.

Support for Different Accountant Income Structures

Yes, we work with lenders that may accept a range of income types, including:

• PAYG salaries for full-time employees.
• Casual income, usually requiring six months of employment.
• Overtime, bonuses, and allowances, depending on the lender’s assessment approach.
• Self-employed income, often requiring one to two years of tax returns.

Your eligibility depends on your lender’s specific policy, which we can help clarify. 

Accountants managing complex finances or variable income streams may benefit from reviewing general practices to manage cash flow effectively, as this can play a role in broader loan planning and budgeting decisions.

Potential Cost Savings When Working With Us

Working with a mortgage broker may result in cost savings, depending on the loan structure and lender incentives. Some clients have reduced their rates or received cashback offers after refinancing or switching lenders.

Our team can help review your home loan for accountants application and identify potential opportunities for savings based on your goals and current market offerings.

Documents to Prepare for Your Application

We aim to streamline the home loan process by helping you prepare documentation in advance. Essential documents may include:

Identification

• Primary ID such as a passport or driver’s licence.
• Secondary documents like utility bills or bank statements.

Proof of Income

• Two recent payslips and a payment summary for employed accountants.
• One to two years of tax returns for self-employed applicants.

Other Documents

• Bank statements showing savings and transaction history.
• Current home loan statements, if refinancing.

Home Loan Features Available to Accountants

Depending on your lender and loan product, you may be eligible for features such as:

• Fixed or variable interest rates
• Offset accounts
• Split loans
• Redraw facilities
• Interest-only repayment options

We’ll help identify which features are compatible with your chosen loan.

How do I get started?

If you’re an accountant seeking home loan support, Ausfirst Lending Group can assist. We evaluate your goals, review lender policies, and present tailored options. Our services are paid by lenders, meaning there’s no cost to you for engaging our team.

Let us help simplify the process and present home loan options that align with your goals. Contact us today to learn more.

Case Studies on Accountant Loans

Emma’s Case Study: Exploring LMI Waiver Options

Background:

Emma is a management accountant who recently completed her Chartered Accountant qualification.

Goal:

She planned to purchase her first investment property while maintaining sufficient liquidity for future opportunities.

Challenge:

Emma wanted to avoid paying LMI and preserve her savings. She learned through Ausfirst Lending Group that some lenders may allow borrowing up to 90% LVR without LMI for eligible professionals.

Solution:

By contributing a smaller deposit and accessing a lender that offered an LMI waiver, Emma retained more capital for future investments. This gave her more flexibility in building her property portfolio over time.

Tony’s Case Study: Refinancing for Cost Efficiency

Background:

Tony is the CFO of a national company with multiple investment properties.

Goal:

He sought to reduce interest costs following recent rate increases.

Challenge:

Tony approached Ausfirst Lending Group after learning his bank would not match lower rates offered to new customers. Our team reviewed his portfolio and identified refinancing opportunities.

Solution:

Tony refinanced several properties, lowering his interest rates and accessing lender cashback offers. This improved his cash flow and supported his broader investment strategy.

Nick’s Case Study: Improving Borrowing Power

Background:

Nick, a senior financial accountant, and his partner wanted to upgrade from an apartment to a family home.

Goal:

Secure pre-approval for a higher loan amount to purchase a house within their budget.

Challenge:

Their initial bank approval fell short of expectations. Working with Ausfirst Lending Group, they restructured their application by reducing credit limits, updating bonus income details, and selecting a lender with favourable assessment criteria.

Solution:

Nick and his partner secured pre-approval for their target property, enabling them to proceed confidently with their next purchase.

Let’s Explore What’s Possible

Whether you’re buying your first home, refinancing, or planning your next investment, our mortgage specialists are here to help you explore tailored solutions that suit your goals.

Speak with a senior broker today and discover what loan options for accountants may be available to you—no obligation, just expert guidance.

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