LMI waivers may apply
Many lenders waive LMI for eligible lawyers, subject to income and policy.
FOR LEGAL PROFESSIONALS
Home loans for lawyers.
Professional terms.
With conditions worth checking.
Many lenders offer eligible lawyers LMI waivers up to 90% of the property value and discounted pricing, usually with conditions such as a minimum income. A salaried associate, an equity partner and a barrister on an ABN are each assessed differently. We present your income the way lenders read it, across a panel of 40+ lenders. Personal guidance from Ausfirst Lending Group in Caloundra.
Excellent · 35 Google reviews
Solicitor, barrister or partner.The right policy for how you practise.
LMIwaivers up
to 90% LVR.
to 90% LVR.
40+Lenders on our panel
30+ yearsRichard’s lending experience
$0Broker fee for home loans
Local careQueensland-wide
STRONG PROFESSION, CONDITIONAL BENEFITS
Professional terms,
with conditions.
Lenders see legal professionals as stable, high earners, so many extend waived LMI, higher LVRs and discounted pricing. These usually come with conditions, commonly a minimum income, and how you practise changes how your income is assessed.
Every way you practise
Salaried, equity partner or ABN, presented the way lenders read it.
One broker throughout
The same person from first chat through to settlement.
Not sure you meet the income threshold? Thresholds vary between lenders. We check where you stand before you rely on the waiver.
Start with a free chatWHAT LAWYERS MAY ACCESS
Where being a lawyer
can change the deal.
Subject to lender policy and eligibility.
LMI waivers
Borrow up to 90% without LMI, saving thousands upfront. A minimum income often applies.
Higher LVRs
Buy a higher-value home or investment with a smaller deposit.
Discounted rates
Professional or package pricing, a meaningful saving over the loan’s life.
Flexible terms
Offset, redraw, interest-only and split loans to manage bonuses and drawings.
HOW YOU PRACTISE
Associate, partner or barrister?
| What changes | Associate | Partner | Barrister |
|---|---|---|---|
| Assessed as | PAYG | Self-employed | Self-employed |
| Income proof | Payslips | Two years’ returns | Returns or low-doc |
| Variable income | Bonuses | Drawings, distributions | Fees by brief |
| Lawyer benefits | Yes, if eligible | Yes, if eligible | Yes, if eligible |
A current practising certificate is usually required. Policies vary by lender.
Check my optionsKNOW YOUR NUMBERS
Keep more of
your capital.
A 10% deposit without LMI leaves more cash for an offset account, your practice or your next investment.
We check which lenders waive LMI for lawyers, at what income and LVR, and whether their loan limits fit your purchase.
- Your practising certificate
- The lender’s minimum income
- The waiver LVR and loan limit
- Stamp duty and buying costs
YOUR WAIVER, AT A GLANCE
How much could you keep?
$200k$4m
Capital kept vs a 20% deposit$130,000
Deposit needed with waiver$130,000
Your savingsCovered, $30,000 spare
Illustration only, not a borrowing assessment. Excludes stamp duty and buying costs. Eligibility, income thresholds, waiver LVRs and loan limits vary by lender.
Check my actual optionsELIGIBILITY AND INCOME
Your status and
how you earn.
Lawyer policies vary between lenders, but most come down to your practising status, your income level and how you’re paid.
PARTNERS AND BARRISTERS
Self-employed, presented properly.
An equity partner or a barrister on an ABN is assessed as self-employed, usually on two years of returns, or a low-doc approach where returns aren’t ready.
Partner drawings, service entities and barrister fees need careful presentation so you’re not undersold.
The key to the benefits
Lenders usually want a current practising certificate as evidence you’re a qualified, practising solicitor, barrister or lawyer.
Citizenship and role
Citizens and permanent residents qualify most easily. Contract or casual legal roles can face tighter conditions.
Lender policies on lawyer waivers, income thresholds and LVRs vary and can change.
Let’s check what applies to you. We’ll match your role and income to a lender whose legal policy fits.
Check my next stepsTHINGS TO WEIGH UP
Real benefits.
A clear-eyed decision.
A lawyer’s loan should still fit your life, not just the lender’s limit.
Higher LVR, higher balance
90% without LMI means a larger loan and less buffer if values dip.
Rate movements
Build room for rate rises before stretching your budget.
Borrow for your life
Qualifying for more isn’t a reason to borrow it.
Role changes
Reduced hours or a career change can affect eligibility for benefits.
WHY LAWYERS WORK WITH AUSFIRST
The legal benefit,
matched to how you earn.
Your profession should work for you, not be averaged into a generic policy.
We know legal policies
Which lenders waive LMI for lawyers, at what income and LVR.
We speak self-employed
Partner drawings, barrister ABN income and service entities.
The same person
You work directly with Richard Luke, not a call centre.
No direct cost
Lenders pay us on settlement. We disclose any fees before you proceed.
Other professions may qualify for similar waivers.
Explore LMI waived loansHOW WE WORK
Advice before
commitment.
A simple process built around checking your eligibility before anything is lodged.
CONVERSATION
An obligation-free chat
What you can borrow and which benefits you qualify for.
ELIGIBILITY
Check thresholds
Income minimums, waiver LVRs and loan limits.
STRATEGY
Recommend the lender
The policy and income rules that best fit how you practise.
APPLICATION
We handle it
Including your practising certificate and income evidence.
SETTLEMENT
See it through
We liaise with the lender and your conveyancer through to settlement.
AND BEYOND
Six-month review
We review your loan to check it remains competitive.
Richard LukeFounder · Ausfirst Lending Group
WHAT MAKES AUSFIRST DIFFERENT
Your practice is personal.
Your broker should be, too.
You’re looked after by someone who treats your financial success as his own.
You work directly with Richard Luke, our director, with more than 30 years in Queensland lending. Not a call centre, and not a different voice each time.
Whether you’re buying your first home, upgrading or investing, he takes the time to understand how you practise and what you’re planning.
Direct access to RichardPartner and barrister income understood2024 Sunshine Coast Business Awards finalist
Talk to a brokerMore about RichardWHAT OUR CLIENTS SAY
Good people.
Great support.
ExcellentBased on 35 Google reviews
Google review
“I would describe Richard and Ausfirst Lending as friendly, insightful, prompt and diligent. A pleasure to deal with.”
Google review
“Debbie made the process of buying a new house frictionless, by providing excellent support throughout”
Google review
“I received very prompt responses to all of my questions and the team ensured that my application was processed in a timely manner. The service was brilliant!”
Excerpts from client reviews displayed on Ausfirst’s website. These reflect individual experiences.
LET’S CLEAR THINGS UP
Loans for lawyers.
Real questions.
The questions lawyers ask us most. How you practise matters, so we’re happy to talk through the detail.
Ask a questionCan lawyers get a home loan with no LMI?
Often, yes. Many lenders let eligible lawyers borrow up to 90% without LMI. A minimum income usually applies, so we confirm it before you rely on it.
Is there a minimum income for lawyer LMI waivers?
Frequently, yes, particularly at higher LVRs. Thresholds vary between lenders, so we check where you stand.
Can barristers, partners and self-employed lawyers qualify?
Yes. Partners and barristers on an ABN are assessed as self-employed, usually on two years of returns. Profession-based benefits can still apply.
Do I need a current practising certificate?
Generally, yes. It’s usually the evidence that unlocks legal-profession benefits.
Can I use a lawyer waiver for an investment property?
Some lenders allow it; others limit waivers to owner-occupied homes. We’ll check which suit your plans.
Does using a broker cost more?
For most home loans, no. Lenders pay us a commission on settlement. We disclose any fees before you proceed.
START WITH A CONVERSATION
Talk to a broker who
knows lawyer lending.
Tell us how you practise and what you’re buying. We’ll show you which benefits you qualify for and what you can borrow.
LMI waiver eligibility checked
Partner and barrister income read properly
Direct access to Richard
Visit our Caloundra office
Suite 3/74 Bulcock St, Caloundra QLD 4551
Monday–Friday, and by appointment
YOUR FREE CONSULTATION
Tell us how you practise.
Employed, partner or barrister, and what you’re buying.
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