Home Loans For Lawyers With No LMI, Special Rates & Cash Back Offers!
We are specialist mortgage brokers for lawyers, here to help you buy your first home or refinance for better rates
- 2-10% deposit to buy a home
- Rates as low as 5.44%
- No LMI for qualified lawyers
- Get up to $3,000 cash back
- Fast pre-approvals & expert guidance
How Do I Qualify?
There are only 2 conditions you need to meet to qualify for exclusive lawyer rates and offers:
- You are currently employed as a legal professional
- You are registered to practice or hold a university degree
Contact us to get a free assessment of your eligibility.
Why go directly to a single bank when you can go to mortgage brokers who specialise in home loans for lawyers? With access to over 50 banks, we help you find the best deal on the market whether you are a first home buyer or a seasoned investor.
Looking to Buy or Refinance?
Complete this form and we’ll be in touch for a free assessment. It does not affect your credit score and there’s no impact on your credit report.
Lawyer Case Studies
Client Profile:
Ted, a qualified solicitor, had recently started a new role at a mid-sized private law firm in Melbourne. With over 6 years of legal experience and an annual income of $160,000, his goal was to refinance his existing home loan to secure a sharper rate and improve cash flow. Despite the recent employment change, he remained within the legal profession.
The Goal:
Ted wanted to refinance to take advantage of falling interest rates and reduce his monthly repayments. However, he was concerned that his recent job change might weaken his application in the eyes of lenders.
Our Strategy:
- Built a strong case using his new employment contract, written confirmation of income from his new firm, and historical payslips to demonstrate consistent earning capacity in the same profession
- Chose a lender with flexible policy for professionals who have recently changed jobs but remain in the same industry
The Result:
- Ted was approved smoothly, with no issues despite the recent employment change
- His rate dropped from 6.14% to 5.49%, saving him over $3,800 annually in interest
- He also received a $2,000 cashback, providing an immediate boost to his savings
Conclusion:
Switching roles doesn’t have to delay your refinancing plans, especially in respected and stable professions like law. If you’re a lawyer looking to refinance for a better rate or simpler loan, we know how to present your case to lenders the right way. We’ll guide you through every step.
Client Profile:
Chris, a solicitor with 5 years of post-admission experience, working full-time at a mid-sized law firm in Sydney. He earned $220,000 annually, made up of base salary and consistent performance bonuses tied to billable hours.
The Challenge:
Chris wanted to purchase an apartment in a premium inner-city suburb. His bank assessed him conservatively, only counting his base salary and ignoring his bonus income – limiting his borrowing power to $900,000, which wasn’t enough for his target area.
Our Strategy:
- Used a 6-month income history to demonstrate the consistency of his bonuses and overall earnings
- Presented a strong application including payslips, tax returns, and an employment letter confirming his income breakdown and stability
- Matched him with a lender that understands legal industry income structures and could assess his full financial capacity
The Result:
- Boosted his borrowing capacity to $1.15 million by getting 100% of his income counted
- Pre-approved within 5 business days, giving him confidence to act fast in a competitive market
- Secured a sharp interest rate with an offset account
Conclusion:
Chris secured the home he really wanted without compromise. Our deep understanding of how legal professionals are paid and how to present that to the right lender made all the difference. If you’re a lawyer looking to buy or invest, we’ll help you unlock your full borrowing potential.
What Other Lawyers Say About Us
Why Choose Us For Your Home Loan
Expertise in Working with Lawyers
At Zenith, we specialise in helping legal professionals secure home loans with confidence. Whether you’re a solicitor in private practice, in-house counsel, a barrister, or running your own firm, we understand the unique income structures, documentation, and time constraints that come with the legal profession. Our team is experienced in navigating lender policies to ensure your income and professional status are properly recognised.
Understanding Complex Legal Incomes
Lawyers often earn income from multiple sources, such as base salary, bonuses, profit shares, or fee-for-service work. If you’re self-employed, in chambers, or part of a partnership, your financials can look very different year to year. We know how to present your tax returns, BAS, and income breakdowns in a way that lenders understand, giving you the best possible chance of approval.
Self-Employed or Running Your Own Practice? No Problem.
Whether you’re a sole practitioner, a partner in a firm, or operating under a company or trust structure, we know how to tailor your application for success. We work with lenders who understand legal professionals and can properly assess your income, even if it includes fluctuating earnings, retained profits, or trust distributions.
Access to Exclusive Legal Professional Benefits
We have access to lenders who offer special perks for lawyers, including waived LMI up to 95% LVR, priority processing, and discounted professional packages. Whether you’re buying your first home, refinancing, or investing, we’ll match you with offers that reward your profession.
Ongoing Support, Always
Your career is demanding, and your time is valuable. That’s why we handle your loan proactively behind the scenes. We review your loan every 6 months to ensure you’re always on a competitive rate, so you can focus on your clients while we look after your loan like it’s our own.
Our Proven Process
Discovery
We discuss your situation, the goals you're wanting to achieve, and assess how we're able to help you.
Assessment
We review your documents, research solutions, and present the best options to you. Once you agree to proceed, we prepare your loan application.
Lodgement
We lodge your loan application and monitor its progress. Once approved, we assist with reviewing and signing your loan contracts.
Support
Once your loan has settled, you join the Zenith family! We provide ongoing support and review your loan to match your changing needs.
First Home Buyer? We’ll Help Finance Your Home
With over 1000+ loans approved and with access to over 50 different lenders, our brokers can help you pick the best home loan to maximise your options. From choosing the lender that works with you or leverages government incentives and tax concessions, you can make well-informed decisions when financing your first home purchase. We are here to guide you and hold your hand throughout the entire process.
How Much Deposit Do I Need?
Traditionally most banks require a minimum of 20% deposit for you to avoid the need to pay Lenders Mortgage Insurance (LMI). As a first home buyer you may be able to put down as little as 2-5% deposit and avoid paying LMI by utilising home guarantee schemes.
In addition, you can further reduce the amount of funds required for your first home purchase through various state specific schemes and grants. Your eligibility depends on the property location, property price and type of property, so it is important to speak to one of our mortgage brokers to understand what schemes may be applicable to you.
First Home Guarantee (FHBG)
The First Home Guarantee is a government-backed initiative designed to help eligible first-time homebuyers step onto the property ladder with ease. The FHBG allows you to secure your first home with just a 5% deposit, without the added cost of LMI. This means you can buy sooner and with less upfront deposit.
Family Home Guarantee (FHG)
The Family Home Guarantee is designed to assist single parents with at least one dependent child in buying a home with a deposit as low as just 2%. Available for both new and existing homes across Australia, the scheme makes homeownership more accessible for those who need it most.
Regional Home Guarantee (RFHBG)
The Regional Home Guarantee is an initiative aimed at making homeownership more accessible in regional areas. It allows eligible buyers to purchase a new or existing home in regional locations with just a 5% deposit. This scheme is open to both first home buyers and those who have previously owned a property but are currently without one.
Stamp Duty Exemptions
Stamp duty, also known as transfer duty, is a one-time tax applied when you purchase a property.
The amount of stamp duty depends on the property’s value. Each state in Australia has its own stamp duty concessions and eligibility requirements.
First Home Super Saver Scheme (FHSSS)
The First Home Super Saver Scheme allows you to withdraw voluntary contributions from your superannuation to use for your home deposit, provided you meet the eligibility criteria. You can apply to release up to $15,000 from one financial year, with a maximum of $50,000 across all years.
- Top-Rated Mortgage Brokers in Australia
- High Approval Rate over 1000+ loans
- Direct access to 50+ banks & lenders
Schedule a consultation with one of our home loan experts
Lenders Mortgage Insurance is required by lenders when a borrower provides a deposit of less than 20% of the property’s value.
- Purpose: LMI protects the lender if the borrower defaults on the loan and the sale of the property doesn’t cover the outstanding loan balance.
- When Required: This insurance is usually mandated when the loan amount exceeds 80% of the property’s value.
- Cost: The cost of LMI varies depending on the loan amount, property value, and deposit size. It can be paid as a lump sum at settlement or added to the loan amount, increasing the total interest paid.
- Benefits: LMI allows borrowers to purchase a property sooner by lowering the deposit requirement.
Essential documents that you need to prepare when applying for a home loan include:
- Identification (licence, passport and Medicare etc.)
- Latest credit card and bank statements
- Latest two consecutive payslips for PAYG applicants
- Latest statement of assets and/or liabilities
- Income tax returns for the last 2 years (for self-employed individuals)
- Notice of Assessment & Financial Statements (self-employed individuals)
Lenders will assess your financial position to ensure that you can comfortably manage the loan repayments. Every lender’s formula for calculating borrowing power may be slightly different. Usually, they’ll take the following into consideration:
- Your income, which can include bonuses, commissions and overtime
- The number of dependents in your family
- The secured and unsecured debts you hold (e.g. credit cards, personal loans or car loans)
- Your living expenses
As a first home buyer, there are several key things you should know to make the process smoother and more successful:
- Budgeting: Understand your financial situation and set a realistic budget. This includes your income, expenses, and savings.
- Government Incentives: Research available grants and incentives for first home buyers, such as the First Home Guarantee and stamp duty concessions.
- Loan Pre-Approval: Getting pre-approved for a home loan can give you a clear idea of your borrowing capacity and show sellers that you are a serious buyer.
- Credit Score: Maintain a good credit score by making repayments on time. This can improve your chances of loan approval.
- Research: Familiarise yourself with the local property market, including property prices, trends, and areas of interest. Contact us to obtain a free property report.
- Professional Advice: Consider seeking advice from a mortgage broker, financial advisor, or real estate agent to guide you through the process.
- Property Inspection: Always have a professional inspection done on the property to identify any potential issues.
- Legal and Financial Checks: Ensure all legal and financial checks are completed before finalising the purchase.
We can get you in touch with our trusted accountants, financial advisors, conveyancers and building inspectors.
Zenith is the #1 mortgage broker for nurses and first home buyers in Australia. We are a team of mortgage brokers with decades of lending experience. We love learning about your ambitions and goals and are passionate about arranging the finances to help you make them a reality.
We are here to simplify the whole mortgage process for you. We do all the heavy lifting to match you with the right mortgage solutions. If finance is not quite possible for you yet, we will be upfront and honest, providing you with tailored advice to help set you on the right track.
Some of Our Lenders
The Zenith Difference
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| Negotiate your rate multiple times annually |  |
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| Access to over 50 different lenders | |
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| Access to over 1000 different loan products | |
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| Free detailed property reports | |
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| 100+ 5-star Google reviews | |
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| Services are free of charge | |
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| Fully managed end-to-end process | |
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| Available 7 days a week, Australia-wide | |
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| Priority status with banks for quick outcomes | |
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| Expert guidance and advice | |
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Prefer A Scheduled Call?
Frequently Asked Questions
Partnering with a mortgage broker like Zenith can significantly streamline your home loan journey. We provide expert advice on loan products carefully tailored to your unique financial situation. By handling the legwork, comparing multiple options, managing paperwork, and negotiating better terms, we save you valuable time and help identify potential hidden fees. As we are not tied to any single lender, we can select the best loan for your needs, ensuring you secure the most suitable deal. Additionally, we proactively review your interest rate multiple times per year to ensure you remain on the most competitive rate available, maximising your savings and giving you long-term peace of mind.
Our services are provided at no cost to you. We receive compensation directly from the lender you choose once your loan is settled, ensuring that you can explore your options without incurring any upfront fees.
Each lender has unique criteria and requirements that must be met before they approve a loan. Our team takes the time to thoroughly analyse your credit history, income situation, and the specific strengths and weaknesses of your financial circumstances. This allows us to match you with the most suitable lender and loan package tailored to your needs. Our experienced professionals will provide you with comprehensive information, ensuring you have everything necessary to make an informed decision.
To begin, we’ll work closely with you to understand your goals and objectives. We’ll then gather and review all necessary supporting documents to ensure we have a comprehensive understanding of your situation. Once we have sufficient information to make a personalised recommendation, the next step will depend on the chosen lender’s processing timeline. This can vary from several weeks to a few months, which is why we strongly advise initiating the process as early as possible, especially when it comes to property purchases, where timing can be crucial.
You may not always qualify for financing from a specific bank. After assessing your unique situation, we’ll work to find you the lowest possible interest rate from eligible lenders. While interest rates are important, they’re just one piece of the puzzle. We’ll also help you consider all other fees and features associated with each loan option, ensuring you have a complete understanding of your choices and can make an informed decision that best suits your needs.
Typically, lenders require a minimum deposit of 5% of the property’s purchase price to secure a home loan. However, in some cases, it may be possible to proceed with a lower deposit. Keep in mind that if your deposit is less than 20% of the property’s price, you may need to pay Lenders Mortgage Insurance (LMI), unless you qualify for an LMI waiver or apply for a family guarantee. Contact us to explore your options and determine the best approach for your situation.
We have successfully helped thousands of lawyers