Access better rates and tailored borrowing opportunities
If you are a doctor, dentist or other healthcare practitioner, you may be eligible for a lower cost home loan.
Talk to Lend & Co about exactly what’s possible and how we can help you achieve it.
Your steady career opens the door to home loan benefits
Whether you are doctor, dentist, nurse or other healthcare professional, it’s likely you qualify for special conditions such as waived lender’s mortgage insurance, lower interest rates or salary-sacrificed mortgage payments that make your loan more manageable.
This is because:
- Medical professionals follow steadier career trajectories and have ample job opportunities
- Doctors, dentists and specialists tend to earn an above average income
- Healthcare professionals are typically more reliable when it comes to paying off their home loans
At Lend & Co, we’re with you at every stage, from figuring out which home loan benefits you are eligible for to securing your mortgage and connecting you with a conveyancer who will help finalise your contract.
Not all lenders offer the same benefits to medical practitioners, and not all medico loans are created equal. This is why you need an experienced guide to show you the best way to save.
Mortgage services for healthcare professionals include:
- Home loans: Whether you’re a first-time buyer or a homeowner looking to refinance, we find the mortgage solutions that acknowledge the unique financial profiles and borrowing capabilities of medical professionals.
- Investment property loans: Ready to expand your investment portfolio? We provide financing options that are tailored to your objectives.
- Commercial property loans: Looking to purchase or refinance a commercial property? Whether it is a new clinic or an investment, we will identify the loans that are structured to support your goals.
- Development loans: Access funding solutions for property development projects and expand your asset base through strategic investments.
How does waived Lender’s Mortgage Insurance help you save?
Generally speaking, if you do not have a 20% deposit (or sometimes more) for your new property, you face the cost of Lender’s Mortgage Insurance, which can be tens of thousands of dollars. The only option is to pay this fee or wait until you have more savings.
Some lenders allow doctors and dentists to side-step this expense, making it possible to buy property with a lower deposit, save on fees and get into the market sooner.
Medico Home Loans: How it works
The trusted mortgage experts at Lend & Co can help you tap into the benefits that come from your hard work and dedication in the medical industry. We follow a clear process so you feel confident at every stage.
1. Getting to know you
We assess your financial situation and provide insights into the most cost-effective borrowing solutions.
2. Education & information
We explain the details and benefits of various products, loan structures and features so you can make an informed choice.
3. Sourcing the right loan
With access to a wide range of lenders, we increase your chances of finding a suitable loan for your circumstances.
4. Streamlining the process
We support you as you gather documentation and complete forms, and we’re on hand to keep you up to date.
Why choose Lend & Co for a medico loan?
- Specialised borrowing options: We identify the lenders that take your established career into account, giving you more benefits and increased borrowing power.
- Personalised service: Our team offers a professional, friendly approach, working closely with you to understand your financial circumstances and goals.
- Strong industry connections: With extensive networks across the property and finance sectors, we can secure competitive rates and favourable terms for your loan.
- Efficient online processes: We leverage digital platforms to fast-track your application, ensuring fast, convenient service.
- Transparent communication: We keep you informed so you feel confident at every stage of the application process
