Loans
Second mortgages
A second mortgage lets your company or trust raise capital against property you already own, sitting behind your existing mortgage - so there's no refinance and your first facility stays untouched. It suits a clear, time-limited need backed by a credible exit, and it can settle in days.
Raise capital against your property.
The amount, the asset and the timeframe. We’ll match you with a funder and email you their introduction. Reply to it and they’ll be in touch.
- No cost and no obligation. An enquiry is not a commitment to anything.
- We match you with a funder and email you their introduction. Reply to it and they take it from there.
- Your details stay with us until you reply to the introduction.
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Takes two minutes.
How a second mortgage works
A second mortgage is a registered loan that sits behind the mortgage already on your property. Your first facility stays exactly as it is - same rate, same lender, no refinance - and the new loan takes second ranking on the title. Because it draws on equity you already hold, you can raise capital without disturbing a first-mortgage rate that’s worth keeping.
How much is available comes down to the combined loan-to-value ratio: your existing balance plus the new loan, measured against the property’s assessed value - typically up to around 75% for business-purpose lending, and subject to assessment. Indicative pricing starts from around 0.975% per month; the rate you’re offered depends on the combined LVR, the property and your exit, and is set after assessment. Interest is usually fixed for the term and can be capitalised, so there need be no monthly repayments to service if that suits the structure - you settle principal and interest at the exit.
What it’s typically used for
Second mortgages do the jobs a bank either can’t price or can’t reach in time. Common ones: paying out an ATO or tax debt before it blocks a refinance, funding a deal or acquisition closing this week, bridging a settlement, consolidating higher-rate short-term debt, or releasing working capital for a clear, time-limited purpose. The common thread is a defined need and a credible exit - a sale, a refinance, or incoming funds - within the term.
What we’ll need
Less than a bank asks for. The essentials are the property and its current first-mortgage balance, the amount you’re after, what it’s for, and how the loan gets repaid. A registered second mortgage needs the first-mortgage holder to agree a priority arrangement (a deed of priority); we confirm that position upfront so there are no surprises late in the process. With the security details and a clear exit, settlement can often happen within days. Funding is business-purpose only - for companies and trusts - and we structure the file properly before anything is committed.
- 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
- Property where the combined position leaves too little equity
Sounds like your situation?
Tell us the amount, the asset and the timeframe. We’ll match you with a funder and email you their introduction.
How it compares
FAQ
Do I need my first lender's consent?
Sometimes. A registered second mortgage can require the first-mortgage holder to agree a priority arrangement - a deed of priority. We confirm that position for your security upfront so it doesn't surface late.
How fast can a second mortgage settle?
Often within days
Will it change my first mortgage?
No. Your first facility stays exactly as it is - same rate
Can a company or trust use a second mortgage to clear an ATO debt?
Yes - it's a common use. Releasing equity behind your existing mortgage can pay out a tax debt that's blocking a refinance
Can I get a second mortgage on commercial property?
Yes. Second mortgages are available over commercial, industrial and retail property as well as residential, up to 75% of value across both loans. Leverage on specialised or regional commercial assets is usually lower.
Raise capital against your property.
No cost, no obligation. The form is back up the page and takes two minutes.