When you need a second mortgage loan for arrears clearance, speed and certainty matter. At Secured Lending, we’ve advised and assisted borrowers with arrears clearance many times and have facilitated over 200 strategic second mortgages to stabilise facilities. If clearing missed repayments quickly will restore your primary loan and remove pressure, we can help you move fast with a second mortgage loan for arrears clearance. Assess your scenario today.
What a Second Mortgage Does in Arrears Clearance
A second mortgage sits behind your first mortgage and releases equity tied up in your property. Used correctly, it delivers mortgage arrears clearance to stabilise facilities by:
- Paying the outstanding arrears and any default costs so your primary lender can reinstate normal terms.
- Creating breathing room to complete a refinance, sale, or business milestone without disruption.
- Preventing escalation, forced action, or unnecessary asset sale when timing—not solvency—is the issue.
- Aligning repayments with your near-term cash flow rather than depleting working capital.
Why This Approach Can Be the Practical Fix
You may be handling tight timelines, big inventory purchases, or settlements landing at once. A targeted second mortgage can:
- Protect momentum: keep projects, tenants, or trading activities undisturbed.
- Reduce noise: stop letters of demand and reset communication with your first mortgagee.
- Preserve options: buy time to refinance on better terms or exit an asset on your schedule.
- Simplify cash flow: ring‑fence arrears and spread repayment over the short term.
- Be tax‑aware: maintain deductibility when funds are used for income‑producing purposes. Speak with your adviser.
When a Second Mortgage Is Sensible
- Short, defined gap before refinance approval or sale proceeds.
- Seasonal cash flow dip or ATO payment plan impacting liquidity.
- Construction or DA delays pushing out an expected release.
- Bridging equity between business opportunities and bank timing.
Speed and Certainty
We are built for urgent needs. Where the security and documentation are ready, we can move:
- Fast, with same day settlement where feasible and funding within 24 hours after approval.
- To meet an urgent settlement or an emergency hold-notice from a primary lender.
- With clear steps: review, structure, coordinate payouts, and confirm discharges.
How Secured Lending Structures Second Mortgage Solutions
- Security: residential or commercial property you own. We don’t accept obscure assets.
- Purpose: arrears clearance, working capital, or bridging loans to an exit event.
- Amounts: tailored to need; you can borrow up to $10 million subject to assessment.
- Pricing: scenario‑based; some transactions may price at an interest rate of 11.95%, subject to due diligence, LVR, and risk.
- Form: documented as a secured business loan for speed and flexibility.
Private lender, Australia Wide
As a private lender and non-bank lender in Australia, we operate nationally: Sydney, Adelaide, Melbourne, Brisbane, Perth, Gold Coast, Canberra. Direct decisioning means faster answers, open communication with your first mortgagee, and pragmatic, deal-by-deal structuring.
Documentation We Typically Coordinate
- Rates and arrears statements from the first mortgagee.
- Title search, identification, company docs if applicable.
- Evidence of income or exit (refinance approval, contract of sale, settlement statement).
- Accountant or solicitor details to keep the process tight.
Practical Benefits You Can Expect
- Stabilised facilities through clean arrears clearance and confirmed payout letters.
- Straightforward lines: one point of contact, transparent costs, and scheduled updates.
- Flexible terms aligned to your exit strategy, not a rigid bank calendar.
How We Can Help
We listen first, then structure a clear path: verify arrears, coordinate with your primary lender, arrange the second mortgage, and confirm payouts so your facility returns to normal. If timing is tight, we prioritise what’s essential to settle. Secured Lending is a short-term lending solution you can rely on. When you’re ready, our team is here to help you move quickly and confidently. Our team specialises in urgent short term loans solutions such as bridging finance, second mortgages, and caveat loans. We have provided strategic lending advice for this in the past and can help assess your scenario. You get access to decision-makers, defined timelines, and documents prepared with your schedule in mind.
FAQs
Will my first mortgagee need to consent?
Often yes. We liaise with them early, provide comfort on payout amounts and timing, and structure documents to meet their requirements.
What security do you accept?
You can offer residential or commercial property as collateral. We don’t accept other obscure assets as security.
How fast can arrears be cleared?
With complete documents and cooperative parties, we can target same day settlement with funding within 24 hours after approval.
Can I roll the second mortgage into a refinance later?
Yes. Many clients use our facility as a bridge to bank refinance or a sale once timing, valuations, or financials line up.
What if my credit file shows missed payments?
We assess the whole picture. Clear explanation, viable exit, and adequate equity matter more than a single score.
