Industry Specialisation and Medico Policies
Customers that fall within the Medico Sector and Industry Specialisation Policy have benefits like;
– Up to a maximum LVR of 90% may be approved without the need to obtain mortgage insurance
– Evidence of 5% genuine savings is not required when mortgage insurance is not required
Medico sector policy
Included Medical Professions:
•General Practitioners
•Hospital-employed Doctors (Intern, Resident, Registrar, Staff Specialist)
•Medical Specialists
•Dentists
•Veterinary Practitioners
•Optometrists
•Pharmacist
Industry specialisation policy
Included Professions:
•Accounting
•Legal
•Mining, energy and resources
Maximum LVR of 90% may be approved without the need to obtain mortgage insurance, and Genuine Savings: confirmation and validation of 5% genuine savings is not required for applications whereby mortgage insurance is not required.