If a bank has declined your application on credit grounds, a second mortgage loan for Policy decline can provide the funding path you need without disturbing your first mortgage. At Secured Lending, we’ve advised and assisted borrowers after a policy decline and have facilitated over 200 strategic second mortgages. We can help you move fast with a second mortgage loan for Policy decline. Assess your scenario today.
What a Second Mortgage Does After a Bank Policy Decline
A second mortgage is a separate loan secured against the equity in your property, sitting behind your first mortgage. It allows you to access capital even when your bank won’t extend limits due to credit policy. You keep your primary home loan in place and layer short-term funding to meet deadlines or seize opportunities.
Key Benefits When a Bank Says No Due to Policy
- Keep momentum: Avoid delays from lengthy appeals. Useful for urgent settlement or refinancing later when your position suits major-bank credit settings.
- Protect your first loan: No need to refinance the entire facility or lose a sharp home loan rate to access capital.
- Speed and certainty: With clear security and purpose, we can move from assessment to settlement quickly. Fast matters when you’re managing a time-sensitive purchase, tax obligation, or supplier opportunity.
- Flexible use of funds: Working capital for your business, ATO payments, stock purchases, renovations, equipment upgrades, or bridging loans for a new property while you sell.
- Match the term to the task: Second mortgages are short-term, allowing you to repay from a sale, a refinance, or business cash flow when the time is right.
- Reduced friction: One set of property security documents, a clear drawdown, and coordinated settlement. Minimal disruption to your day-to-day banking.
- Business-friendly: If your trading structure or income documentation sits outside bank appetite, a second mortgage can stand in as a secured business loan while you improve your bank position.
When Is It Useful After a Policy Decline?
- You need liquidity for a commercial opportunity, but your bank’s serviceability model won’t count your full income profile.
- You have a good asset position but complex structures or recent tax returns that don’t align with bank policy.
- You’re bridging a sale or purchase and timing is tight.
- You’re addressing an immediate obligation or emergency without liquidating investments at the wrong time.
Security We Accept
You can leverage residential or commercial property as collateral. We do not accept other obscure assets as collateral. This keeps valuation and documentation straightforward and helps speed up approvals and settlement.
Costs, Limits, and Timing in Plain Terms
- Interest rate of 11.95% subject to credit assessment, security, and loan purpose.
- Borrow up to $10 million depending on equity, valuation, and exit strategy.
- Same day settlement is possible on compliant files, with funding within 24 hours in time-critical scenarios.
- Interest and fees are structured clearly up-front so you can plan your exit with confidence.
Private lender, Australia Wide
As a private lender in Australia and a non-bank lender, Secured Lending operates nationally across Sydney, Adelaide, Melbourne, Brisbane, Perth, Gold Coast, and Canberra. Being a private lender means we assess real-world scenarios quickly, focus on security and exit, and coordinate settlements without the layers you find in big-bank processes.
How We Approach a Second Mortgage After a Policy Decline
- Review: We confirm property security, equity, and the purpose of funds. We listen for timelines and critical dates.
- Structure: We tailor the loan amount, term, and repayment method to your exit—sale, refinance, or business cash flow.
- Coordinate: We work with your solicitor, broker, and existing mortgagee to arrange consents and documentation.
- Confirm: We lock in settlement figures and timing so stakeholders know what will happen and when.
- Arrange: We complete settlement efficiently. In urgent files, we can move to same day settlement and achieve funding within 24 hours.
Why a Second Mortgage Can Be the Practical Answer to a Bank Policy Decline
- Connects equity to outcomes without redrawing your entire banking setup.
- Reduces the risk of missing a window—stock, settlement, a strategic purchase, or a tax due date.
- Creates breathing room to reset financials, tidy structures, or complete a sale, then refinance to mainstream later if that suits your plan.
We can also support bridging loans, secured business loans, and short-term funding needs that arise from market moves or an unexpected emergency. If your file is time-sensitive or urgent, we’ll be clear about feasibility and timelines from the first conversation.
How We Can Help
Secured Lending specialises in short-term second mortgage solutions for borrowers who’ve hit a bank policy decline. We evaluate the security, the purpose, and your exit, then structure a straightforward facility that does what you need it to do—nothing more, nothing less. We’ve provided strategic lending advice for this in the past and 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
What if my first mortgage is with a major bank that already said no?
That’s common. A second mortgage sits behind your first lender. We work with your bank to obtain consent and structure the facility around your exit.
How quickly can I access funds if timing is tight?
On prepared files, we can achieve same day settlement with funding within 24 hours. We’ll confirm feasibility and dates upfront.
Can I use a second mortgage as working capital for my business?
Yes. Many clients use second mortgages as secured business loans to fund inventory, ATO obligations, renovations, or equipment.
What types of property can I use as security?
Residential and commercial property. We don’t accept other obscure assets as collateral.
What loan sizes do you consider?
Depending on equity and exit strategy, you can borrow up to $10 million, subject to credit and valuation. Terms are short by design.
