Second mortgage
Use your equity. Keep your first mortgage.
A second mortgage sits behind the loan you already have. You raise capital against your equity without refinancing or breaking a fixed rate.
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.
Raise capital without touching your first mortgage.
A second mortgage ranks behind your existing first mortgage on the same property. It lets you borrow against the equity you hold without refinancing the whole debt, breaking a fixed rate, or disturbing your relationship with the first lender.
The second lender is in a weaker position if a sale goes wrong, so the rate is higher than a first mortgage. That is the trade for leaving the cheap first-mortgage debt in place. We look at the combined loan-to-value across both loans and place the deal at the sharpest price the security supports.
Business owners, developers, and investors use a second mortgage when they need capital for a commercial purpose quickly and have a clear way to repay it. The first lender has to consent to the second mortgage being registered, and we manage that step.
What it looks like
- Second-ranking registered mortgage, first mortgage stays in place
- Combined LVR up to 75% across both loans
- No need to refinance or break a fixed rate
- Settlement often within 5 business days once consent is in hand
- Interest-only repayments
- Repaid on sale, refinance, or business cash flow
Who this is for.
Capital raise
Raise money for a commercial purpose against your equity while the cheap first-mortgage debt stays exactly where it is.
Business funding
Put working capital into the business when the bank is too slow. A second mortgage can settle in days once the first lender consents.
Cover a shortfall
Close a short-term gap, a deposit shortfall or a settlement timing problem, while your main exit plays out.
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.
Second mortgage near you
We are based on the Gold Coast and place second mortgage for clients right across South East Queensland. Explore by area:
Tell us about your deal.
Send through the scenario. You’ll hear back the same day with who would fund it and roughly what it costs. If it doesn’t stack up as it stands, we’ll say so and tell you what would need to change.