The average person usually has to pay lenders mortgage insurance (LMI) if they are borrowing more than 80% of the value of the property that they’re buying. LMI is a one off fee that insures banks against losses in cases where you can’t repay your mortgage. However, medical professionals are seen as low risk borrowers, and therefore don’t usually have to pay LMI. Because of their strong income and employment prospects, doctors rarely miss mortgage repayments. Home loans for doctors and other medical professionals can also come with other perks that aren’t available to the general public. For example, a young medical professional may be able to borrow up to 105% of the value of their property if their parents are willing to act as guarantors.