SECOND MORTGAGE

Access your equity. Keep your first.

Unlock equity in your property without refinancing or disturbing your existing first mortgage.

Up to 80%Combined LVR
$100K–$10MLoan Range
1–12 monthsTerm
From 9% p.a.Rates
Res. & Comm.Security

Overview

Equity access without the disruption.

A second mortgage sits behind an existing first mortgage on your property. It allows you to access the equity you have built up without needing to refinance, break a fixed rate, or disturb a relationship with your primary lender.

This is a common solution for borrowers who need capital quickly but do not want to — or cannot — go through a full refinance. We assess the combined loan-to-value ratio across both facilities and fund accordingly.

Second mortgages are frequently used by business owners, developers, and investors who need short-term capital and have a clear repayment strategy.

Key features

  • Second-ranking registered mortgage — first mortgage stays in place
  • Combined LVR up to 80%
  • No need to refinance or break your existing loan
  • Fast settlement — often within 5 business days
  • Interest-only repayments
  • Flexible exit via sale, refinance, or cash flow

Who is this for?

01

Capital raise

Raise capital for business expansion, investment, or personal purposes using the equity in your property — without touching your first mortgage.

02

Business funding

Inject working capital into your business when the banks are too slow. A second mortgage can be settled in days, giving you the runway you need.

03

Bridging a shortfall

Cover a short-term funding gap — such as a deposit shortfall or settlement timing issue — while your primary exit strategy plays out.

Frequently asked questions

Common questions

In most cases, yes. The first mortgagee needs to consent to a second mortgage being registered behind their interest. We handle this process and can advise on likely outcomes based on your lender.
We typically fund up to 80% combined LVR — that is, the total of your first mortgage plus the second mortgage relative to the property value.
A second mortgage is a registered interest on the title, giving the lender security behind the first mortgagee. A caveat loan is a statutory charge that prevents dealings on the title but does not provide the same level of security as a registered mortgage.
Yes. One of the key advantages of a second mortgage is that your first mortgage remains completely undisturbed — including any fixed rate period.
Common exit strategies include property sale, refinance to a single facility, or repayment from business cash flow. We assess each deal individually. See also our first mortgage product for full refinance options.

Get started

Ready to move?

Submit your deal today and we'll come back to you within hours, not weeks.

Apply Now