Lenders mortgage insurance (LMI).

Lenders mortgage insurance (often called ‘LMI’ for short) is insurance that banks take out – at extra cost to the borrower – to protect themselves in case the borrower ends up not being able to pay what they owe.

As a borrower with ME, you’ll need to pay an extra fee to cover lenders mortgage insurance if you’re borrowing more than 80% of the property’s value.

We’ve partnered with Helia to provide our customers with LMI - you can find out more about their product by reading this LMI Fact Sheet.

Find out more by reading the LMI Fact Sheet.