Short-Term Finance
Second-position funding behind your existing loan.
Access equity without touching a good first mortgage — second-mortgage funding placed across our panel for a business purpose.
Raise funds without disturbing your first mortgage.
A second mortgage sits behind your existing first mortgage — it ranks second on the security, so it's repaid after the first if anything goes wrong, which is why it carries a higher rate. We arrange business-purpose second mortgages and place them with funders on our panel who specialise in second-position lending.
The point of a second is simple: you've got equity and a good first-mortgage rate you don't want to lose, but you need capital for a business purpose. Rather than refinancing the whole debt, a second mortgage releases the equity and leaves your first loan untouched. It's for investors, developers and business owners with an ABN and a genuine business purpose — not consumer lending.
Second mortgages usually need the first mortgagee's consent, move fast, and suit short terms with a clear exit. We handle the moving parts and place the deal with a lender comfortable sitting behind your existing loan. Indicative answer in 24 hours.
Why arrange a 2nd mortgage through X Private.
Keep your first mortgage
Access equity without refinancing — your good first-mortgage rate stays exactly where it is.
Specialist second-position lenders
We place with funders who actively do seconds, not banks that simply refuse second position.
Fast capital
Indicative answer in 24 hours and settlement in days when the equity and exit are clear.
Business-purpose use
Working capital, the next deal, tax or a short-term need — for a genuine business purpose.
Short terms, clear exit
Structured around a sale, refinance or known cash event so the second is repaid cleanly.
We manage consent
Seconds usually need the first lender's consent — we coordinate it so the deal completes.
When a 2nd mortgage fits.
Equity-backed, business-purpose, short-term scenarios. Common uses:
- Releasing equity without refinancing the first loan
- Working capital for an operating business
- A deposit or contribution on the next purchase
- Funding a development or project cost
- Clearing ATO or supplier debt
- Bridging a short-term cashflow gap
- Topping up funds where the first lender won't increase
- Short holds with a clear sale or refinance exit
Three steps from deal to done.
We move at deal speed — an indicative answer within 24 hours and most deals settled in 5–10 business days.
- 01
Submit
Send us the deal. We give you a yes, no, or what-we-need within 24 hours.
- 02
Approved
We take it to the lenders most likely to back it, negotiate terms, and bring you a clear recommendation.
- 03
Settled
We manage the lender, legals and PEXA. Most deals settle in 5–10 business days; urgent ones faster.
Common questions, straight answers.
It's a loan secured in second position behind your existing first mortgage. The first lender is repaid first if anything goes wrong, so a second ranks behind it and carries a higher rate — in exchange, you access equity without refinancing your first loan.
We're a specialist property finance brokerage: we place second mortgages with the most suitable funder from our panel of 50+ non-bank and private lenders.
No — everything we arrange is for a genuine business purpose. Second mortgages here are for a genuine business purpose, not a consumer or owner-occupied home loan.
Usually, yes — a second mortgage generally requires the first lender's consent. We coordinate that consent as part of arranging the deal so it doesn't hold up settlement.
Because the second lender ranks behind the first and takes more risk if the property is sold. That's the trade-off for keeping your first mortgage in place and accessing equity quickly.