Home Loans for Legal Professionals
Exclusive lending benefits for lawyers, solicitors & barristers
As a legal professional, lenders often consider you a lower-risk borrower. Because of this, many banks and non-bank lenders offer exclusive loan benefits that aren’t available to the general public. These can include:
Lower interest rates
Higher borrowing capacity
Reduced or waived fees
LMI waivers up to 90% LVR (potentially saving tens of thousands)
These professional offers can make purchasing your home or investment property far more cost-effective — particularly if you are borrowing more than 80% of the property value.
At My Finance Consultants, we also understand that legal professionals have demanding schedules. That’s why we handle the entire process for you — from comparing lenders to submitting your application and negotiating approval — so you can focus on your work while we take care of the details.
Who is eligible?
Professionals typically included in these lending offers:
Lawyers
Solicitors
Barristers
Legal Associates & Senior Associates
Partners (Equity & Salaried)
Judges & Magistrates
Eligibility criteria vary between lenders, so we assess your situation first to identify which lenders will offer the strongest benefits.
Key advantages for legal professionals
LMI Waivers up to 90% LVR
Purchase your home with as little as 10% deposit and no LMI, saving significant upfront costs.
Higher Borrowing Capacity
Your professional standing may allow you to borrow more than standard applicants.
Discounted Rates & Fee Reductions
Enjoy preferential pricing and access to exclusive professional lending packages.
Flexible Structures
We can structure loans under personal names, companies, or trusts when required.
Investment Portfolio Growth
A lower deposit requirement means you can build your portfolio faster, reallocating capital toward future purchases.
Estimate your position with our tools
Before making any commitments, it’s helpful to run your numbers:
These will give you an initial indication of borrowing capacity and affordability before we tailor your lending strategy.
Understanding the LMI waiver
Lenders Mortgage Insurance (LMI) is normally required when borrowing above 80% LVR.
However, many lenders waive LMI up to 90% LVR for eligible legal professionals who:
Hold recognised accreditation with a Law Society, Bar Association, or equivalent
Meet minimum income requirements (typically from $150,000 combined household income)
This waiver alone can save $8,000–$40,000+ depending on your purchase price.
Our process — streamlined for busy professionals
Initial clarity call
We seek to understand your goals and confirm eligibility.
Loan strategy & lender shortlisting
Propose lenders based on your objectives and priorities.
Submit your application
We package the loan application and seek approval from the lender, no admin burden on you.
Approval & settlement support
We manage communication end-to-end to ensure a smooth settlement.
Annual loan review
We ensure your rate remains competitive. You stay informed — without needing to manage the paperwork.
FAQs
What is the maximum I can borrow without LMI?
Eligible legal professionals can borrow up to 90% LVR without LMI.
What documents do I need?
Typically:
Proof of legal registration (Law Society / Bar Association)
Recent payslips or income evidence
Employment or practice structure details
Can these benefits apply to investment properties?
Yes — many lenders extend professional benefits to both owner-occupied and investment loans.
Can my partner be on the loan too?
Yes — and the LMI waiver can still apply, even if your partner is not a legal professional.