Home Loans for Lawyers

Rosh Partners offer lending solutions to borrow up to 90% LVR with no LMI if you meet the approved industry accreditation and eligibility requirements. Industries include:

• Accountants

• Actuaries / Auditors

• CFO’s (Chief Financial Officers)

• Finance Managers

• Barristers

• Judges

• Lawyers

• Solicitors

• Sports and Entertainment

To qualify, you generally need to be a high net worth individual, typically earning a minimum of $120,000 annually. Importantly, the bank will consider 100% of any rental income generated from your investment properties to help meet this income requirement.

In addition:

• You’ll need to be an Australian Citizen or Permanent Resident;

• You’ll need to provide current practicing certificate, which permits you to practice in your jurisdiction;

• Your property purchase must be either owner occupied or for investment purposes;

• If you’re a self-employed lawyer, then you’ll need to provide evidence that last year’s taxable income was $120,000 or more.

Some lenders will require you to be a member of:

• Law Council of Australia

• Law Society of NSW

• Law Society of South Australia

• Queensland Law Society

• The Australian Bar Association

• Law Institute of Victoria

• Australian Labour Law Association

• Australian Corporate Lawyers Association

• The Commercial Law Association of Australia

• Australian Insurance Law Association

At Rosh Partners, our brokers are experienced in providing home loans to professional lawyers, solicitors, barristers etc. and understand exactly how to present your application to ensure that your earnings are accurately represented to lenders.

Getting your finance pre-approved before you make any decisions is always a very good idea. While not strictly required, getting a home loan pre-approval can be highly beneficial, especially in a competitive housing market. Here’s why:

1. Know Your Budget

• A pre-approval provides you with a clear understanding of how much you can borrow based on your financial situation. This helps you focus your property search within your price range, saving time and preventing disappointment.

2. Strengthen Your Position as a Buyer

• Pre-approval shows sellers and real estate agents that you're a serious buyer with financing already conditionally secured. This can make your offer more attractive and give you an edge over buyers who haven’t been pre-approved.

3. Avoid Surprises

• During the pre-approval process, your lender will assess your financials (income, savings, credit history) to give you an accurate borrowing estimate. This way, you can address any issues or discrepancies early on, reducing the chance of surprises later.

4. Faster Loan Approval

• Having pre-approval can speed up the loan approval process once you’ve found the right property. Since much of the groundwork is already done, the final approval can be quicker and smoother, which is especially helpful when dealing with tight settlement timelines.

5. No Obligation

• A pre-approval is typically valid for 3-6 months, and while it gives you a better idea of your borrowing power, you're not locked into a particular lender or loan until you proceed with a formal application. This gives you flexibility if your circumstances change.

When Might You Not Need Pre-Approval?

• In certain situations, such as if you're making an unconditional cash offer or if you’re a returning buyer with extensive equity, pre-approval may not be essential. However, even in these cases, knowing your borrowing capacity is still helpful.

Final Thoughts: While it’s not mandatory, getting pre-approval can provide peace of mind, clarity, and a competitive edge when buying a home. It’s a smart step in the home-buying process, especially if you’re serious about securing your next property. A mortgage broker can guide you through the pre-approval process and help you find the best loan options based on your needs.