LMI waiver for civil engineers?

Discussion in 'Loans & Mortgage Brokers' started by Nexus1, 4th Dec, 2021.

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  1. Nexus1

    Nexus1 Member

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    Do any of the banks waive LMI for those employed in the civil engineering industry? I've seen mention online for mining engineers although not civil engineers.
     
    Nexus1, 4th Dec, 2021
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Westpac used to for Chartered members of Engineering Australia. Not sure if it they still do.
     
    Terry_w, 4th Dec, 2021
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  3. Lindsay_W

    Lindsay_W Well-Known Member

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    No specific policy for Engineers, used to be.

    There is a lender that has No LMI up to 90% LVR for anyone, no specialist degree required, property needs to be in a Metro location. Owner Occupied. Maximum loan limits apply. Rate not the cheapest, need to weigh up if it's worth not paying LMi for a higher rate.
     
    Last edited: 4th Dec, 2021
    Lindsay_W, 4th Dec, 2021
    #3
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