Settlement deadlines don’t wait. If you need a second mortgage loan for Settlement funding, Secured Lending can help you move fast. We’ve advised and assisted borrowers to complete time-critical purchases and refinances, and we’ve facilitated over 200 strategic second mortgages for settlement-driven needs. When a bank is slow or inflexible, a well-structured second mortgage can deliver the gap you need for an urgent settlement without disrupting your primary facility. Assess your scenario today.
Why a Second Mortgage for Settlement Funding Works
It’s straightforward: you leverage existing equity to unlock short-term capital, then clear it when the event completes — sale proceeds land, a refinance settles, or cash flow catches up. The benefits are practical:
- Speed: Fast approvals, same day settlement in many scenarios, with funding within 24 hours when documents and valuation are ready.
- Certainty: Terms confirmed upfront so you can coordinate conveyancers, agents, and counterparties for an urgent settlement.
- Flexibility: Use funds for purchase gaps, variations, duty, works required pre-completion, or to bridge GST and adjustments.
- Control: Keep your first mortgage in place, avoid re-documenting your main facility, and maintain your bank relationship.
- Fit for purpose: Short terms, interest capitalised if required, and a clear exit so you only pay for the time you use.
Common Situations Where a Second Mortgage Makes Sense
- You’re buying before selling and need bridging loans support to align two moving settlements.
- A developer needs last-mile funds to meet a sunset date while senior debt remains in place.
- A business is waiting on a large receivable and wants to secure stock or equipment now without missing settlement.
- You’re refinancing to a new bank, but their timeline slips and you still must complete an urgent, unconditional contract.
- You need an emergency top-up for adjustments or unexpected costs identified late in conveyancing.
How We Structure Your Loan
As a second mortgage, our facility sits behind your first mortgage and is registered on title. We provide clear parameters so you can plan with confidence:
- Loan size: We can lend from $100k and borrow up to $10 million, subject to equity and a credible exit.
- Pricing: Options available at an interest rate of 11.95%, with interest-only and the ability to capitalise interest where appropriate.
- Term: Typically 1–12 months, aligned to a defined exit such as sale, refinance, or cash flow event.
- Security: Residential or commercial property as collateral. We don’t accept other obscure assets as security.
- Use cases: Settlement shortfalls, deposits, duty, construction variations, and business working capital via secured business loan.
Private lender, Australia-wide
Secured Lending is a private lender and non-bank lender in Australia. We operate across Sydney, Adelaide, Melbourne, Brisbane, Perth, Gold Coast, and Canberra, and support borrowers Australia wide. Because we’re a private lender, decisions are made locally, with direct access to credit and the people who can say yes. That’s how we meet tight timelines and coordinate with your solicitor and broker to deliver a smooth, on-time completion.
Timeline and Process Built for Settlements
We prioritise speed and certainty. Our process is straightforward:
- Review: Share the contract of sale, rates notice, existing loan statement, and identification.
- Structure: We confirm terms, fees, and conditions so you can align stakeholders and book settlement.
- Coordinate: We work with your conveyancer, first mortgagee, and agents to arrange payouts and consents.
- Confirm: Once documents are executed, we can achieve same day settlement or funding within 24 hours where feasible.
Whether it’s an urgent settlement or a planned completion date that moved forward, we respond quickly and keep communication clear. If you’re navigating multiple titles, related-party purchases, or complex company structures, we map the steps and handle the detail.
Clarity on Risk and Exit
We focus on an exit that makes sense. Before we advance funds, we confirm how the second mortgage will be repaid — contract of sale, refinance approval, or forecast cash flows supported by evidence. This protects you and keeps costs contained. No surprises. No extended lock-ins.
How We Can Help
If you need a second mortgage loan for Settlement funding, we’re ready to move when you are. We’ve helped clients resolve time-critical gaps and complete settlements with confidence, and we’ve facilitated over 200 strategic second mortgages that put timelines back on track. Tell us your settlement date, your security property, and your intended exit, and we’ll outline a clear path forward with indicative terms and a checklist so you can proceed. We have provided strategic lending advice for this in the past, and we can help assess your scenario. 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.
FAQs
- Will my bank need to consent to the second mortgage? Yes. We coordinate with your first mortgagee to obtain consent and align payouts so settlement runs smoothly.
- Can interest be capitalised until my sale or refinance completes? Yes, subject to equity and loan size, we can structure capitalised interest to preserve cash through settlement.
- How fast can you move if my date is brought forward? With documents ready, we can target same day settlement or funding within 24 hours for urgent transactions.
- Can I borrow under a company or trust and use business purpose? Yes. We regularly fund company and trust borrowers for settlement purposes and secured business loans.
- What security do you accept? Residential or commercial property. We don’t accept other obscure assets as collateral.
