What our customers say about us

Thanks for all your help and for making it so easy for me. Life will be so different now.

Jan Vincent
Montrose, VICTORIA

Thank you for your time on the phone yesterday and copying me into the below email.
I just wanted to take the time to say that I have never seen such a comprehensive email provided to clients by a Broker before. Very clear and detailed.
I hope it’s ok that I hold onto your details to refer to clients who may need assistance.
Kind Regards,

Shannon Oatley
Director & Licensed Conveyancer
Property Conveyancing Group, VICTORIA

We have found Barry Le Brocq of Melbourne Mortgage Finance to be very patient, caring and diligent in achieving a successful outcome to our refinancing requirement. We have no hesitation in recommending his services to others.

Don & Christine Perrett
Leongatha, VICTORIA

Many thanks Barry for the exceptional service that you have provided. We will most certainly be recommending you to our daughter (Bank of Melbourne branch manager) for any future customers who need a reverse mortgage loan.

Paul & Barb Spark
Somerville VICTORIA






Key lending issues

  • all lenders have now announced their new variable rates following the RBA’s December rate cut
  • 3 year fixed rates have continued to tumble to as low as 5.73% p a (conditions apply)
  • First Home Buyers again active due to reduced property prices and reduced stamp duty charges
  • loans up to 100% of price available to First Home Buyers with strong incomes (conditions apply)


This table is in variable rate order and shows some of the residential mortgage products currently available for a $300,000 loan. Initial set up fees, maximum loan-to-valuation ratios (LVRs) and 3 year fixed rates are also shown.
Loans below 6.50% pa are very competitive:

Lender Loan
$ Setup

max %

3 Year
Fixed %
PLAN Lending/nab Low Rate <75% 6.25 nil 75 5.88**
Suncorp Money Manager<80% 6.30 nil 80 5.99
PLAN Lending/nab Low Rate 75-90% 6.35 nil 90+LMI 5.98
PLAN Lending/nab Performance Plus<75% 6.35 nil 75 5.98
Aust First Mortgage Complete ProPack<75% 6.35 275 75 6.69
Bankwest Premium Select<75% 6.35 nil 75 6.29
Homeside/nab HomePlus<75% 6.35 nil 75 6.24
Heritage Bldg Soc Discount Variable 6.35 600 95 5.95
Police&Nurses C U Easy Pay Plus<75% 6.39 692 75 6.20
Macquarie Classic<80% 6.39 nil 80 5.99
ANZ Breakfree<80% 6.40 nil 80 6.14
Bankwest Super Start 3 year 6.40 nil 95+LMI 6.29
CBA MAV Variable<80% 6.41 150 80 6.33
Adelaide Bank Variable SmartSaver 6.44 495 95+LMI 6.49
Bankwest Premium Select >75% 6.45 nil 95+LMI 6.29
PLAN Lending/nab Performance Plus 75-90% 6.45 nil 90+LMI 6.08
Aust First Mortgage Complete ProPack 6.45 275 90+LMI 6.69
Citibank Basic <70% 6.45 600 70 5.94
Homeside/nab HomePlus 75-90% 6.45 162 90+LMI 6.24
ANZ Breakfree>80% 6.45 nil 92 6.14
ING Simplifier Smartpack 6.46 719 95+LMI 5.99
CBA MAV Variable 80-90% 6.46 150 90+LMI 6.33
AMP Variable Propack 6.47 295 90+LMI 5.99
Macquarie Classic >80% 6.49 nil 90 5.99
CBA 3 year Rate Saver 6.49 750 95+LMI 6.48
Police&Nurses C U Dream Home Loan 6.49 1342 95+LMI 6.20
Rock Bldg Soc Rock Star Special 6.49 200 90+LMI 6.19


Simplicity Plus Special 6.50 600 92 6.29
Bank of Melbourne Advantage 6.50 100 95+LMI 6.24
AMP Basic Spring Special 6.52 545 90+LMI 5.99
Citibank Basic 6.52 649 80 5.94
Heritage Bldg Soc Basic 6.53 600 95 5.95
Police&Nurses C U Easy Pay Plus 6.54 692 95+LMI 6.20
Adelaide Bank Variable SmartFit 6.54 495 95+LMI 6.49
Aust First Mortgage Complete Variable 6.80 275 90+LMI 6.77
CBA MAV Variable>90% 6.56 150 95+LMI 6.33
Bank of Melbourne Basic 6.57 600 95+LMI 6.39
ANZ Simplicity Plus 6.60 600 92 6.29
Suncorp Back to Basics 6.60 nil 95+LMI 5.99
Bankwest Premium 6.60 nil 95+LMI 6.29
Homeside/nab HomePlus 6.60 162 95 6.24
CBA No Fee 6.61 nil 95+LMI 6.48
ING Simplifier 6.62 220 95+LMI 5.99
PLAN Lending/nab Performance Plus>90% 6.63 nil 95+LMI 6.26
Phoenix Circle C U Standard 6.65 600 95
Westpac Flexi First 6.66 600 95+LMI 6.39
Westpac Rocket 6.66 nil 95+LMI 6.19
Citibank Basic>80% 6.66 649 85 5.94
Notes * * PLAN Lending currently offers 5.73% fixed for 3 years if a loan is split 50/50 fixed/variable <75% LVR
: maximum LVR is 95% for purchases and 90% for refinances
: +LMI indicates lenders willing to add the Lender’s Mortgage Insurance premium to the base loan
: “low doc” loans are available up to 80% of value, but at higher rates than the “full doc” rates shown above
: monthly / Professional Package fees may also apply on some loans

DID YOU KNOW ???????????

  • some lenders will advance the $20,000 construction First Home Owners Grant (FHOG) at land settlement stage. This greatly resolves the problem of funding the land purchase and government stamp duty at land settlement stage. Most lenders will only advance the Grant after the house has reached slab stage.
  • some lenders will approve “low doc” loans for self-employed borrowers up to 80% of valuation using only bank trading statements or an Accountant’s verification letter . Most banks require official ATO BAS statements.
  • loans are available to build up to 4 units on a single Title at residential loan rates, not commercial rates.
  • some lenders will approve 95% loans and add the full 3.5% mortgage insurance premium to the loan i.e. total approved loan is 98.5%. Other lenders will limit the addition of the mortgage insurance premium so that the total loan does not exceed 97%. Borrowers must pay the difference of 1.5% in cash from savings.
  • 100% finance is available to First Home Buyers using a 95% loan, a secured $20,000 credit card advance and the FHOG. Strong income and other conditions apply. 100% finance is also available using a Parental Guarantee loan.

Barry LeBrocq

Melbourne Mortgage Finance
Patterson Lakes, VIC 3197
Mob 0437417042
Web www.melbournemortgagefinance.com.au

Disclaimer: The above information is intended as general information only and does not address specific personal situations. Loan products, interest rates and fees change frequently without notice. Please call Melbourne Mortgage Finance to verify details and discuss your specific needs and loan eligibility.

Melbourne Mortgage Finance offers an extensive range of mortgage products and services including

Home Loans, Investment Loans, Equity Access Loans, Low Doc Loans, 100% Loans, Refinance Loans, Commercial Loans, Deposit Bonds, Reverse Mortgages, Accommodation Bonds, Vehicle Finance, Plant and Equipment Finance, Financial Planning and Business Finance.

IMMEDIATE appointment can be made to meet at your home or office

  • NO CHARGE for assisting you. We receive a standard fee from the lender you select
  • reliable service, communication and follow-up. See “Testimonials
  • accreditation with 20 national lenders, allowing you to select from an excellent range of loans
  • we carefully listen to your needs, do our research, then present you with a short-list of three potential loan solutions. You choose the lender.
  • printouts of products, fees, interest rate and loan features are provided
  • arrange for your property insurance and personal insurance requirements to be assessed
  • ongoing availability to assist you after loan settlement
  • over 30 years experience in arranging finance and mortgage loans