If you’re considering a second mortgage loan for debt consolidation, you want clarity, speed, and a structure that makes your repayments predictable. At Secured Lending, we’ve advised and assisted borrowers with this kind of consolidation for years, facilitating over 200 strategic second mortgages. Our role is simple: assess your equity, streamline multiple debts into one facility, and move fast so you can focus on your business and investments. If timing matters, we can prioritise same day settlement or funding within 24 hours where documents and consents are ready. Assess your scenario today.
Why Consider a Second Mortgage for Debt Consolidation
A second mortgage sits behind your existing home or commercial loan. It allows you to roll multiple unsecured and short-term liabilities into one facility secured by property you already own. The benefits are practical:
- One repayment, one rate, one end date—certainty and simplicity.
- Potentially lower blended cost when replacing high-interest cards or overdrafts.
- Cash flow relief via interest-only terms matched to your timeline.
- Protects your first mortgage—no need to disturb a competitive first-lien package.
- Purpose-built for time-sensitive needs such as urgent settlements, tax obligations, supplier terms, or completing renovations that unlock value.
Typical Scenarios for Debt Consolidation
- Clearing credit cards, overdrafts, and ATO arrears in one go to reset cash flow.
- Needing short-term working capital to carry stock or complete a project while consolidating legacy debts.
- Preparing for a refinance but needing to tidy liabilities first to qualify.
How the Structure Works in Practice
We start with your objective and your exit strategy. Then we:
- Review property value and available equity.
- Coordinate first mortgagee consent and intercreditor arrangements.
- Arrange a desktop or full valuation, depending on complexity.
- Structure the loan amount to pay out listed debts, plus costs and a buffer if required.
- Confirm term, repayment method, and exit (sale of an asset, refinance, or business cash flow).
- Arrange documents and settlement. For urgent and emergency needs, we can prioritise same day settlement or funding within 24 hours when information is complete.
You remain in control. We keep documents lean, focus on asset strength and repayment pathway, and communicate clearly so you always know the next step.
Why a Private Lender Matters for Consolidation
As a private lender in Australia and a non-bank lender, Secured Lending can move quickly and take a practical view of your situation. We operate Australia wide: Sydney, Adelaide, Melbourne, Brisbane, Perth, Gold Coast, Canberra. We provide second mortgage facilities, secured business loans, and bridging loans designed to consolidate multiple debts into one facility with a clear time frame. You can borrow up to $10 million where security and exit support the request. Pricing is assessed case by case and may include an interest rate of 11.95% depending on risk, term, and position behind your first mortgage. Security is straightforward: residential or commercial property you own. We don’t accept other obscure assets as collateral.
Costs, Terms, and Repayments—Kept Simple
Second mortgage consolidation is typically interest-only for a short term, giving you breathing room while you execute your plan. Many clients use 3–12 month terms, then refinance to a mainstream lender or sell an asset to exit. Fees and interest are transparent and can be capitalised to preserve cash flow. The goal is practical: reduce mental load, clean up liabilities, and keep you moving. If you need fast deployment, we align documents, consents, and settlement bookings so there are no surprises.
What You Gain by Consolidating into One Facility
- Predictable cash flow with a single repayment date.
- Fewer moving parts and fewer creditor conversations.
- The ability to release encumbrances or caveats that have been slowing transactions.
- A clearer path to refinance once financials and statements reflect the simplified position.
- Confidence to act on opportunities without juggling multiple due dates.
How We Can Help
Secured Lending reviews your position quickly, structures a second mortgage to consolidate multiple debts into a single facility, and coordinates all parties to settle on time. You’ll get steady communication, practical documents, and a solution aligned to your exit—refinance, sale, or trading cash flow. We have provided strategic lending advice for this in the past and can help assess your scenario. If your timelines are tight, we’ll prioritise logistics so you can move decisively. Secured Lending is a short-term lending solution you can rely on. Our team specialises in urgent short term loan solutions such as bridging finance, second mortgages, and caveat loans.
FAQs
Will a second mortgage affect my first mortgage?
It sits behind your first mortgage. We obtain first mortgagee consent and document priorities so your primary facility remains undisturbed.
Can I consolidate ATO balances, cards, and supplier finance together?
Yes. We structure the loan to pay out listed debts at settlement and can include a buffer for costs or short-term working capital.
How quickly can you settle a consolidation loan?
With complete information and cooperation from all parties, we can achieve same day settlement or funding within 24 hours for genuinely urgent files.
What security do you accept?
Residential or commercial property you own. We don’t accept other obscure assets as collateral.
What’s my exit if I want to refinance later?
Common exits include refinance to a bank once statements and conduct improve, or sale of an asset to clear the second mortgage. We design the term around that plan.
