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Benevolence Financial Group (BFG) is now Open Home Loan. Start home loan rate tracking and let Open automatically shop around for you – over your loan duration. When your ideal rate is reached, we’ll ask your bank to match it. Choose to stay or switch in minutes. No effect on credit score. Start for free.

Home Loans For Lawyers

We save lawyers an average of $40,000 on their home
loans through special interest rates and discounts

Looking for a home loan as a busy lawyer? We’re here to help.

Benefits of home loans for lawyers

No Lender's Mortgage
Insurance (LMI)

No Lender's Mortgage Insurance

Insurance (LMI) You don't have to pay lender's mortgage insurance which saves you on average $19,000 for $800,000 loan amount when borrowing 90% of the property value.

Greater borrowing
capacity

No Lender's Mortgage Insurance

Insurance (LMI) You don't have to pay lender's mortgage insurance which saves you on average $19,000 for $800,000 loan amount when borrowing 90% of the property value.

Flexible lending criteria and
interest rates

No Lender's Mortgage Insurance

Insurance (LMI) You don't have to pay lender's mortgage insurance which saves you on average $19,000 for $800,000 loan amount when borrowing 90% of the property value.

Greater Loan to
Value Ratio (LVR)

No Lender's Mortgage Insurance

Insurance (LMI) You don't have to pay lender's mortgage insurance which saves you on average $19,000 for $800,000 loan amount when borrowing 90% of the property value.

Discounts, cashbacks
and other offers

No Lender's Mortgage Insurance

Insurance (LMI) You don't have to pay lender's mortgage insurance which saves you on average $19,000 for $800,000 loan amount when borrowing 90% of the property value.

Find out if you are eligible

There are some income requirements to
be eligible for an LMI waiver as a lawyer:

Lawyers in

WA, SA, NT and TAS

Minimum income of

$120,000

per annum

Lawyers in

NSW, VIC, QLD and the ACT

Minimum income of

$150,000

per annum

You must also be a member of a relevant industry organisation. Examples include:

  • The Australian Bar Association
  • The Law Society of New South Wales
  • Law Society of South Australia
  • The Australian Bar Association
  • The Law Society of New South Wales
  • Law Society of South Australia

If you are finding the process of gathering documentation and determining your eligibility difficult, We’ve created a checklist to help you apply for home loans for lawyers.

If you’re finding the process of applying for a home loan overwhelming and time-consuming, we can help you get in touch with a broker, who can support you with your home loan application for free.

Relevant Articles

What benefits are lawyers getting?

$4,000

Average interest yearly savings

$2,000

Cashback

$2,480

Invested per customer to an
environmental charity

What benefits are lawyers getting
with a mortgage broker

  • Research and Compare home loans across 30+ banks and lenders to find you the best possible deal for your current situation.
  • Provide you with personalised advice relevant to your situation to help you make a confident and informed decision about your home loan.
  • Assist you in developing and submitting your application to save you the hassle of researching and filling out complex paperwork.

Best of all, brokers provide these services free of charge. That's right, for free.

Once you’ve secured our home loan, we’re reimbursed by the lender you apply to for providing them with a dedicated customer who’s ready to buy.

How you can find out more?

As a busy lawyer, you want information and support that is relevant and readily available. Whether you’re a lawyer who is a first home buyer, looking to refinance or wanting to invest, we have specific information ready for you to discover.

Sometimes, it’s easier to speak to someone to directly about your home loan. Get in touch with one of our brokers for personalized advice at no cost to you.

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