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.

Lenders mortgage insurance (LMI).

Related support articles.

Getting an interim statement.

Home Loan Application form.

ME Mastercard Additional Cardholder Paper Application form.