Engineer lending benefits
Finance built for how engineers work.
These benefits exist, but they are lender-specific, change often and come with conditions. I match your discipline, income and plans to selected lenders whose current criteria may fit.
Up to 90% LVR with no LMI
Selected lenders waive Lenders Mortgage Insurance for eligible engineers, which can save an illustrative tens of thousands of dollars. Typical conditions can include a recognised engineering degree, professional membership, minimum income, loan-size caps and employment in an eligible engineering role. Disciplines vary, criteria apply and policies change.
Contract and consulting income assessed on the current rate
Selected lenders may assess eligible contract engineers using the current contract where there is sufficient history. Many expect around two years for ABN contractors, while some accept 12 months or less with experience in the same field. Lender criteria and policy change apply.
Overtime and allowances counted
FIFO allowances, site allowances and overtime may be assessable for eligible engineers at selected lenders. These payments can add an illustrative tens of thousands of dollars a year above base. Some lenders count regular amounts in full; others discount them. Criteria apply and policies change.
Self-employed add-backs
For eligible firm owners and consultants, selected lenders may consider depreciation, one-off costs and other valid add-backs when recurring capacity is reconstructed and supported. Treatment is subject to lender criteria, credit assessment and policy change.
Facilities for engineering firms
Selected lenders offer eligible engineering firms working capital, invoice finance, bank guarantees, asset and equipment finance, and commercial property facilities. Availability depends on trading history, security, contract position and lender criteria. Policies change.
Investment lending for high earners
Eligible engineers may use selected lenders to stage investment lending around income, deposits and existing commitments. The suitable sequence depends on the full position, lender criteria and policy at the time.
Benefits are offered by selected lenders to eligible borrowers and are subject to lender criteria, credit assessment and change without notice. General information only. It does not consider your personal circumstances. Eligibility, loan-to-value limits, professions covered and lender policies vary and change. Subject to lender credit approval.
Check which benefits you qualify forPut the real numbers in front of you.
I'll read the position, show the calculation and explain the trade-offs, no guesswork, no rework.