No, this low-risk LMI waiver does not have any industry-based employment requirements. The lender will use a range of data sources, including postcodes, security value, and credit history, to assess eligibility.

Yes, this offer is available to individuals who are self-employed and business owners. There are significant benefits associated with this opportunity for business owners, who may prefer to allocate their funds towards other investment avenues rather than using them for a house deposit.

Yes, this is available for purchases, refinancing, and cash-out, including investment loans with interest-only payments.

Yes, your security value must be below the maximum threshold of that particular postcode. A property valued higher than the threshold is classified as luxury property and will not be eligible for this offer.

A low-risk customer will generally have high levels of uncommitted monthly income, demonstrate a strong repayment history, and have no missed payments or adverse information on their credit bureau records.

• Construction loans or major renovations where progress payments are required

• Applications involving vacant land as security

• Applications involving security or servicing guarantors

• Applications where the borrower is a company or trust

• Bridging finance.

Eligible customers can save money by not having to pay the upfront cost of LMI Premium if their loan-to-value ratio is above 80%.