Business Details
20 Years
experience
Reverse Mortgage Specialists Melbourne
Melbourne Mortgage Finance, established in 2006 by Barry Le Brocq, is a Melbourne-based mortgage broking business specializing in reverse mortgages for retirees. With over 30 years of experience in residential mortgage lending, Barry has held senior roles at major institutions like Westpac and Bank of Melbourne. Our expertise lies in helping homeowners aged 60+ access equity from their homes without forced relocation, offering tailored solutions that prioritize financial independence and lifestyle enhancement. We adhere to strict compliance standards, including the No Negative Equity Guarantee, ensuring clients never owe more than their property is worth.Our service model emphasizes personalized guidance, transparent communication, and ongoing support, with regular six-month loan reviews to address client needs. Recognized for our client-centric approach, we have facilitated thousands of successful mortgage arrangements, including first-home purchases, refinancing, and investment loans. Our commitment to ethical practices and deep industry knowledge positions us as trusted advisors in retirement finance solutions.
Services
Reverse Mortgages
Debt Consolidation
Home Renovations
Investment Loans
First Home Buyer Assistance
Details
- Year established: 2006
Highlights and features
- 30+ years of mortgage broking experience with major Australian banks
- Specialized expertise in reverse mortgages for retirees
- No upfront fees compensated by lender commissions
- Family-inclusive consultation process for client comfort
- Biannual loan reviews to ensure ongoing satisfaction
What people say
Patient, caring and diligent
Exceptional service
Made the process stress-free
Knowledgeable and professional
Highly recommend
Services
Reverse Mortgages
Reverse mortgages enable homeowners aged 60+ to access property equity without selling. Funds can be used for lifestyle upgrades, medical expenses, or family support. No repayments are required until the property is sold or vacated, with legal protections ensuring no negative equity.
People
Barry Le Brocq
Owner
Barry Le Brocq founded Melbourne Mortgage Finance in 2006 after 30 years in senior mortgage roles at Westpac and Bank of Melbourne. Certified mortgage broker specializing in reverse mortgages and retirement finance solutions.
Questions
What is a reverse mortgage?
A reverse mortgage allows homeowners aged 60+ to access equity in their home without selling. Repayment occurs when the property is sold or vacated.
How can I use reverse mortgage funds?
Funds can be used for lifestyle expenses, medical costs, home renovations, debt consolidation, or supporting family members financially.
Do I retain home ownership?
Yes, you retain full ownership and benefit from any property value increases while accessing equity.
What are the eligibility requirements?
Minimum age 60, property value over $600,000, and primary residence status. Applications must be in personal names.
How is the loan repaid?
Repayment occurs when the property is sold, or both borrowers move into aged care or pass away. A 12-month grace period applies.
Is there a no-negative-equity guarantee?
Yes, legal protections ensure you cannot owe more than your home's market value at repayment.
