If you’ve been waiting for the right moment to get into the property market, or expand your investment portfolio, the time may be here.

A new home loan product has hit the market that’s turning the traditional 20% deposit rule on its head. For eligible borrowers, it’s now possible to purchase a property with just a 10% deposit, without paying Lenders Mortgage Insurance (LMI).

That’s right, no costly LMI premiums eating into your savings, and no need to wait years longer to hit the 20% deposit mark, whilst property values continue to rise.

What's New

This exciting new lending opportunity offers:

  • Up to 90% LVR (loan-to-value ratio) – meaning you only need a 10% deposit.
  • No LMI or risk fee – saving you potentially tens of thousands of dollars.
  • Available for both owner occupiers and investors
  • No cross-collaterisation required for investors!
  • Loan terms up to 30 years, with borrowing available up to $2 million per application.*

For the first time, investors can also access a 10% deposit, no LMI structure – something that was previously reserved for very select borrower types.

Why This Matters

In most cases, when you borrow more than 80% of a property’s value, lenders charge Lenders Mortgage Insurance. This protects the lender (not the borrower) if something goes wrong – and can potentially add tens of thousands of dollars to your loan amount.

With this new product, that additional cost is gone.

This could potentially enable you to:

  • Buy sooner, without waiting to save another 10% deposit.
  • Retain more savings for moving costs, renovations, or a financial buffer.
  • Expand your portfolio faster as an investor.

What To Do Next

If you’ve been sitting on the sidelines waiting for the right lending conditions, now’s the time to talk.

We’ll help you:

  • See if you qualify for the new 10% deposit, no LMI option.
  • Compare it with other market-leading offers.
  • Run the numbers to make sure it fits your long-term goals.

Get in touch today to see whether this offering is right for you.

* Eligibility criteria, terms and conditions apply. Contact us to determine whether this product is right for you.