Exclusive Home Loans for Sports Stars

By Matthew Kenworthy | General Info

The Daily Telegraph1 recently published a news story on the benefits available to sports stars. These benefits are often by provided by private bankers. It is important to note that these offers are available through a mortgage broker.

Lending to Sports Stars

The headline of the news story is “Sports stars win on home loans by getting generous exemptions”. These exemptions and extra discounts are not limited to sports stars. Many lenders offer exclusive home loan & banking deals to occupations they actively try to lend to. As a general rule most of these occupations have high income earning capacity.

Key Benefits of Exclusive Packages

The benefits offered via these exlusive industry packages vary from bank to bank. Some of the benefits lenders offer include:

  • Discounted Interest Rates
  • Removing Ongoing & Application Fees
  • Waiving of Lenders Mortgage Insurance up to 90% LVR

The last point is one of the biggest benefits. The article notes that eligible borrowers could save $9.5k in LMI on a $500k loan. We estimate the savings to be even higher than this. Our calcualations show savings of approximately $10,500 (depending on the lender).

Other Professions

The news article specifically refers to Sports Stars & Entertainers. The big banks also all offer exclusive packages to Medical Professionals such as Doctors & Dentists.

Each bank has many other professions that they will offer industry packages to. Some of these professions include:

  • Accountants
  • Chiropractors
  • Lawyers
  • Pharmacists
  • Physiotherapists
  • Optometrists
  • Surveyors
  • Vets

This list isn’t exhaustive. If you’re a high income earner (earning over $150k per annum) we may be able to find a bank to assist.

Which Lenders

The main lenders that offer specialist industry packages are as follows:

  • ANZ Bank
  • Commonwealth Bank
  • Macquarie
  • National Australia Bank
  • Westpac

Each lender has different benefits, as well as different professions that they target. If you are looking for a better interest rate or mortgage insurance waiver we can help. Get in contact with us to find out how we can make the process easy.

  1. You may need a subscription to the Daily Telegraph to access the article. 

About the Author

Matthew Kenworthy is a specialist in all aspects of Residential & Commercial Finance. He can assist all borrowers from First Home Buyers to Property Investors with Large Portfolios.