Second mortgage · Gold Coast
Second mortgage finance on the Gold Coast.
We are Aurelius Private, private lending brokers based on the Gold Coast. A second mortgage lets you draw on the equity in a property without refinancing the loan already sitting behind it, and we place these with private lenders from our panel.
Because we are the broker rather than the lender, we can shop the second charge to whoever prices it best behind your existing first.
Position
Second charge
Settlement
~5 days
Combined LVR
To 75%
Term
To 24 months
Indicative only. As brokers we place your deal with the right private lender; final terms are set by that lender.
Equity that is trapped behind a cheap first loan
Plenty of Gold Coast owners are sitting on real equity after the last few years of price growth, but it is locked up behind a first mortgage they would rather not disturb. Refinancing a low-rate bank loan just to release some cash is often the wrong move, and breaking a fixed facility can cost more than the funds are worth.
A second mortgage answers that. It sits behind the existing first and lets an owner or developer draw on their equity for a deposit on the next deal, a set of works or a short-term business need, without refinancing anything. On the Gold Coast, where a lot of owners are asset-rich but self-employed rather than neatly salaried, it is often the quickest sensible way to get at capital.
A second charge behind your existing loan
The loan is secured in second position behind your current first mortgage. Your first lender stays exactly where it is; the second lender takes the next charge and prices for that added risk. It is a targeted way to release equity for a specific purpose over a defined term, rather than a wholesale refinance.
Most facilities run interest-only and short, with a clear exit such as a sale, a refinance or incoming project funds. Ranking behind the first means the rate is higher than senior debt, so a second mortgage earns its keep when the money it frees up is being put to work.
Where we work
We arrange second mortgages against Gold Coast property city-wide, residential and commercial, from Coolangatta up to the northern corridor and across into the hinterland.
Deals we've placed
All settled deals→“A second mortgage is about leaving a good, cheap first loan alone and borrowing against the equity behind it. The art is placing it at the sharpest rate the combined position supports, and getting the first lender's consent moving early. Give me the numbers on both loans and I'll tell you quickly what's possible.”
Founder and Managing Director, Aurelius Private
Common questions
Does my current bank need to agree to a second mortgage?
How much can I release with a second mortgage?
When does a second mortgage make more sense than refinancing?
Sitting on Gold Coast equity?
Tell us the property, the existing loan and what you need. We will come back the same day on how much you can release.