Ratings
QBE Lenders’ Mortgage Insurance employs the facets of risk management and in-depth market knowledge to cater to the evolving financial needs of its clients since 1965. The services and products offered by this financial institution aim to substantiate the mortgage industry by minimising credit lending risk. Safeguarding the interests of mortgage lenders is at the core of its operation.
Bank Type
Private Bank
Founded
1965
Headquarters
Sydney, New South Wales, Australia
Industry
Financial Services
Formerly/Predecessor
--
Subsidiaries
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Pros
Strict lending policies.Signup Fees.Strict Age Restrictions.Customer Support.
Cons
Home Loan for Self-Employed.High Property Value for First Home Buyers.QBE insurance group limited is situated in Australia and is also listed on the Australian Securities Exchange. This company provides reinsurance and general insurance services to its customers. The headquarters of this company is situated in Sydney, Australia. This company also has some subsidiaries, such as QBE New Zealand, QBE Specialty Insurance Company, QBE A&H LLC, QBE Management Services Pty Ltd, and many others. In this context, QBE LMI provides lenders with mortgage insurance. A lender's mortgage insurance is insurance that a lender takes to protect himself in case a borrower fails to repay his money.
QBE LMI will provide insurance for purchase refinance or construction of an owner-occupied residential home only if these loans are given to individual trusts and companies. The maximum loan-to-value ratio and loan amounts will vary according to the location.
This company has three main types of loan that they can insure. In case of purchase, construction, or refinance of an owner-occupied residential home, they provide LmiHome insurance. It also provides another insurance named LMIInvest to protect from loans taken against purchase, construction or refinance of a residential investment property. In case of any purchase construction of any owner-occupied residential home for first-time buyers, it provides lmiFIRST HOME.
For borrowers with the security of dwelling or land, the insurance value available is 90% of LVR, that is, $15 million; for 95% LVR, the insurance amount can be up to $15 million. In the case of metropolitan with security of land and dwelling, the insurance can be either 90% of LVR up to $13 lakhs or 95% of LVR amounting to $13 lacs.
Given below are the contact details of the QBE LMI of Australia, which you can use in case of any doubts or queries:
| Day of the Week | Opening Time | Closing Time |
| Monday | 7:00 AM | 7:30 PM |
| Tuesday | 7:00 AM | 7:30 PM |
| Wednesday | 7:00 AM | 7:30 PM |
| Thursday | 7:00 AM | 7:30 PM |
| Friday | 7:00 AM | 7:30 PM |
| Saturday | Closed | Closed |
| Sunday | Closed | Closed |
Given below are the contact details of the QBE LMI of Australia, which you can use in case of any doubts or queries:
| Docklands Address | Level 18, 839 Collins Street, Docklands, VIC 3008 |
| State | Victoria |
| City | Melbourne |
| Docklands Phone Number | (03) 9607 9777 |
| Customer Care Number | 1300 367 764 |
| Phone (QBE LMI Complaints Number) | (02) 9231 7777 |
| QBE LMI head office Address | Level 18, 388 George Street, Sydney, NSW 2000 |
General insurance and reinsurance provider QBE Insurance Group Ltd is based in Sydney and is listed on the Australian Stock Exchange. The founder of QBE LMI is James Burns Robert Philp. In the recent time the key people of the company are Mike Wilkins (Chairman) Andrew Horton (CEO).
A competitive product, technological services, and access to regional underwriting specialists are all provided by QBE LMI. It’s a special mix that benefits you and your clients greatly.
Call: 1300 650 503. send email to [email protected]. Contact Customer Relations by mail at PARRAMATTA, NSW, 2124, GPO Box 219
Yes, you can open up QBE LMI account online through their official website, www.qbe.com. From the website you can registered for insurance policies.
Under QBE LMI, a single borrower’s total exposure is limited to $3,000,000.
You do have the option of acquiring a guarantor on your loan if you don’t have the resources to make a 20% deposit but still want to avoid LMI. The equity in their home may typically be used as a guarantor by a parent or other close relative so that you can protect yours.
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