The 11 Best Mortgage Brokers in Melbourne

Clients who want a large team to call on will find one at this Loan Market office on St Kilda Road, led by managing director Andrea McNaughton. The brokers compare more than 100 banks and lenders and handle home, investment, construction, commercial and SMSF loans. Clients can be local, interstate or expats overseas, which suits Melburnians working abroad. A financial hardship hub on the site helps borrowers who fall behind.

Buyers who want help with the property search as well as the loan can use both services here, since this Kew East brokerage also runs a buyers agent service. It started in 2016 as a one-person firm and now has a team of more than ten. The panel spans over 60 lenders, covering home, construction, SMSF, commercial and development loans. A free borrowing capacity check is offered before any application.

Buyers caught by Melbourne's auction timetable, who must buy before selling, suit this boutique CBD firm, which arranges bridging finance and refinancing to line up settlements. It has worked in the Melbourne market for over 25 years from Lonsdale Street. Every broker holds a Diploma of Finance and Mortgage Broking Management and industry body accreditation. A yearly rate check after settlement keeps the loan under review.

Borrowers with less straightforward files, such as expats, self-employed applicants or SMSF trustees, are well served by this Hawthorn brokerage founded by Clinton Waters. It compares more than 35 bank and non-bank lenders, including the big four. Senior broker Joyce Cheng came from private banking at Macquarie Bank. The firm says it charges no fees in almost every case and reviews loans after settlement.

Borrowers who never want to overpay again will value this South Melbourne brokerage's rate monitoring, which tracks each client's rate and flags when it stops being competitive. It also watches equity and alerts investors when they could buy again. My Mortgage Freedom compares more than 40 lenders and has originated loans since 2011. Clients pick their broker online, then a loan processing manager and settlements manager take over the paperwork.

Its strength lies in structuring loans for western suburbs buyers and investors, from construction and bridging finance to SMSF lending. The Williamstown team of Tim Reynolds, Tom Langlands and Scott Meyer each lists a credit representative number online. Investment lending includes tax-effective loan structures, and refinancing reviews cover debt consolidation. Clients book an appointment first, so the broker can work through goals before comparing lenders.

Doctors, nurses and lawyers have dedicated loan programs at this brokerage on Queens Road in Melbourne 3004. Loanscope compares more than 45 bank and non-bank lenders, including the big four. The team also handles self-employed borrowers and non-residents, two groups banks often find harder to assess. Commercial loans, SMSF lending and equipment finance mean business owners can keep personal and business borrowing with one broker.

Self-employed and low-doc borrowers in the north-west will find this Moonee Ponds brokerage worth a call, as both loan types sit on its core list. Mortgage Domayne also arranges guarantor, second mortgage and medical professional loans. On the commercial side it handles industrial property, unit development finance and bank guarantees. Its broking service carries no charge, and appointments outside business hours can be arranged.

Property investors building a portfolio are the core clients of this Collins Street brokerage, led by principals Mark Davis and Kevin Agent. ALIC compares more than 50 bank and non-bank lenders and plans loans around long-term goals rather than single purchases. SMSF refinancing and commercial loans extend the range. It introduces clients to property professionals without taking referral commissions, which keeps those recommendations independent.

Households that want their mortgage and wider finances planned together suit Inovayt, which keeps mortgage brokers, financial planners, commercial brokers and asset finance specialists in one firm. Its Melbourne office is on Spencer Street in West Melbourne. Home lending includes loans for professionals, self-employed borrowers, guarantor and bridging loans and relocation loans. Meetings can be held face to face, online or by phone at a time that suits.

Borrowers who would like a broker who speaks their language can filter this Camberwell firm's team of more than 50 brokers by location and language. Founded by managing director Jun Sun, AUSUN Finance handles first home loans, refinancing, investment, construction and SMSF loans. Its commercial and development finance work suits investors moving into larger projects. Financial planning is offered alongside broking.