Loans
Second mortgages
A second mortgage lets your company or trust raise capital against property you already own — sitting behind your existing loan, so there's no refinance and no disturbing your first facility.
Indicative only — subject to assessment. Placeholder figures.
How a second mortgage works
A second mortgage is registered on title behind the loan you already have. It releases the equity you hold without touching the first facility — no refinance, no break costs, no losing a good first-mortgage rate. Your senior loan stays exactly as it is; the new facility simply sits behind it. Because it’s secured against property you already own, it can be arranged on the strength of the asset and a clear exit rather than full financials. What’s assessed is your combined borrowing — first mortgage plus second — against the property’s value, typically up to around 75%.
What it’s typically used for
The common thread is timing: a business-purpose need where refinancing the whole loan would be slow, costly, or beside the point. Typical reasons include paying out an ATO debt before enforcement moves, funding a deal or acquisition on a deadline, bridging a settlement, covering payroll or working capital, or releasing equity to redeploy into the business. The job drives it, not the product — if you hold equity and need capital without disturbing a first loan that’s working fine, a second mortgage is often the cleanest route.
What we’ll need
Less than the bank asks for. The security details (the property, your current first-mortgage balance, a rough value), the amount you’re after, the purpose, and your exit — how the facility gets repaid or refinanced. The exit matters most: a clear one moves the deal quickly and prices it better. Where a priority arrangement with your first lender is needed, we confirm that position before you commit. With those pieces in hand, settlement is frequently a matter of days.
- Companies or trusts with equity in property and a clear exit
- Borrowers who need capital without refinancing a good first-rate facility
- Time-sensitive needs a bank can't meet in the window
- Owner-occupier consumer borrowers (business-purpose only)
- Anyone without a realistic repayment or refinance exit
- Deals already at or above prudent combined LVR on the security
How it compares
FAQ
Do I need my first lender's consent?
Sometimes — a registered second mortgage can require the first lender to agree a priority arrangement. We confirm the position on your security upfront so there are no surprises.
How much can I borrow?
It depends on your equity. We assess combined borrowing — your existing first mortgage plus the second — against the property's value
How fast can it settle?
Often within days once we have the security details and a clear exit. A clean
Is this consumer or business lending?
Business-purpose only
Raise capital against your property.
The amount, the asset and the timeframe. We’ll review and come back to you fast.
You deal with us start to finish.
Enquire
Send an enquiry
Takes two minutes.