Luxury Property Home Loans: Unlock 95% with No LMI
Are you dreaming of owning a luxury property but worried about the hefty costs of Lenders Mortgage Insurance (LMI)? At Rosh Partners, we have a solution that can make your dream a reality. Our offering allows you to secure a loan with up to 95% Loan-to-Value Ratio (LVR) without the burden of LMI. Here’s how it works and why it’s a game-changer for luxury property buyers.
What is LMI and Why Avoid It?
Lenders Mortgage Insurance (LMI) is typically required when borrowers have less than a 20% deposit. This insurance protects the lender in case of default but can add significant costs to your home purchase. For luxury properties, these costs can be particularly high, making it harder to enter the market.
The 95% LVR No LMI Advantage
With our 95% LVR No LMI loan, you can borrow up to 95% of the property’s value without paying LMI. This means you only need a 5% deposit (plus costs), significantly lowering the upfront costs and making it easier to purchase your dream home.
Key Benefits
Lower Upfront Costs: Save thousands by avoiding LMI, which can be a substantial expense, especially for high-value properties.
Higher Borrowing Power: With the ability to borrow up to 95% of the property value, you may be able to afford a more luxurious home.
Competitive Interest Rates: Enjoy interest rates comparable to those with higher deposits, ensuring your loan remains affordable.
Faster Market Entry: With reduced deposit requirements, you can enter the luxury property market sooner.
How It Works
The 95% LVR No LMI loan is designed to be straightforward and accessible:
Eligibility: This loan is available for high-value properties up to $8m in specific postcode locations, making it ideal for luxury home buyers.
Application Process: Our experienced brokers will guide you through the application process, ensuring you meet all criteria and maximize your borrowing potential.
Ongoing Support: We provide continuous support throughout your loan term, including regular reviews to ensure your rate remains competitive.
Eligible Postcodes for 95% no LMI Home Loans
Postcode locations for $6m - $8m properties can be found here.
Luxury Home Loan Property Postcodes ($5m max)
Quick Guide
Purchase Prices: available for purchase prices up to $8m
Borrow up to 95% LVR without LMI: save ten of thousands in LMI premium costs and reduce your required contribution
Loan amounts available between $2M - $4.75M* (*up to $5.7M for ten exception postcodes and $7.6M for the six exception postcodes)
No Industry-based Employment Requirements for the LMI Waiver
Melbourne and Sydney postcodes: available to eligible clients in approved postcodes
Available for Purchases, Refinances and Cash Out (including investment loans with interest only) up to 95% LVR
Property must be standard residential and within one of the included postcodes.
Available to clients with strong loan serviceability, good credit conduct and a strong net asset position.
Not Available for:
Construction Loans or Vacant Land
Applications involving a Guarantor or where the borrower is a Company or Trust
Bridging finance
Why Choose Rosh Partners?
At Rosh Partners, we specialise in tailored mortgage solutions that meet the unique needs of our clients. Our expertise in luxury property financing ensures you receive the best possible advice and support. We work directly with you, handling all third-party interactions to make your home buying journey smooth and stress-free.
Get Started Today
Ready to take the next step towards owning your luxury property? Contact Rosh Partners today to learn more about our 95% LVR No LMI loan and how we can help you achieve your property goals.
