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For mortgage advisors and finance brokers
Private second mortgages for mortgage advisors
A private second mortgage lets a business client raise funds against property equity while the first mortgage stays in place. HomeSec provides them for New Zealand mortgage advisors, for business purposes, from $20,000 to $1,000,000.
- $20,000–$1,000,000 loan range, subject to assessment
- 24 hours as little as, from a clean, complete scenario
- 6 months interest can be capitalised in qualifying structures
- 1st and 2nd mortgage security considered
Why private rather than bank for a second mortgage
Some banks will not take a second charge, and many are slow to consent when a client wants to borrow against equity. A private second mortgage lets your client keep a competitive first mortgage and still raise funds against the property.
What we look at
Our assessment focuses on the security, the equity position and the exit rather than the client's credit file. Credit checks are irrelevant to the decision, and a bad credit history is generally not an issue.
- The business purpose, the amount and the date funds are needed
- Who the borrower is, who owns the property and what the current lending is
- The property address, estimated value and any existing mortgages
- A realistic exit: the refinance, sale or repayment source and when it lands
Structure and flexibility
Interest can be capitalised for up to six months in qualifying structures, and open-term options can keep the loan in place if the client's refinance runs late. We confirm the exact terms in the contract documents.
Why mortgage advisors use HomeSec
Speed, clarity and a direct line to the lender.
Speed that is defined
The clock runs from a clean, complete scenario to funds, so you can plan your client's timeline.
Credit history is not the barrier
Credit checks are irrelevant to the decision, and a bad credit history is generally not an issue.
Light on paperwork
No valuations or cashflow records needed for the initial assessment.
Flexible structures
First or second mortgage security, open-term options and up to six months of capitalised interest in qualifying structures.
Clear updates
You hear what is needed and what is still subject to approval.
Questions advisors ask
Frequently asked questions
What is a private second mortgage?
A mortgage from a private lender registered behind the client's existing first mortgage, used here for business purposes.
Does the first lender have to approve?
That depends on the first mortgage terms. Send them with the scenario so any consent need is known early.
How quick can it be?
Funding may be possible in as little as 24 hours from a clean, complete scenario, subject to approval, documents, security, legal work and settlement requirements.
Do you accept clients with a poor credit history?
A bad credit history is generally not an issue. The security, equity and exit are what count.
Can the funds be used for personal expenses?
No. Funds must be for genuine business or commercial purposes.
Does HomeSec contact my client, or can I keep the relationship?
You choose. We can do it all for you: we contact the client and keep you updated at every stage of the short process. Or we work through you, so you keep the conversation with the client right up to approval, when only our credit team needs a quick chat with the client to meet identity (KYC and AML) requirements. Either way we do the hard work, and your choice does not affect your brokerage.
Next step for mortgage advisors
Lodge a scenario or become a partner
Send a scenario for a quick view, learn about the referral partner and broker partner options, or estimate the cost of a delay for your client.
Mortgage advisors and finance brokers
More for mortgage and finance brokers
- All broker information The main page for mortgage advisors, brokers and referrers.
- Fastest private business lender The hub: what “fastest” means and how HomeSec compares.
- Fastest second mortgage lender Who moves quickest on business second mortgages, and why.
- Fastest private mortgage lender Private mortgage finance for business purposes, and how fast it can move.
- Fastest bridging lender Bridging finance for business clients with a settlement or refinance gap.
- Fast second mortgages for advisors A practical guide to placing fast business second mortgages.
- Private credit for advisors How private credit sits alongside bank lending for your clients.
- Private business loans for advisors Property-secured private business loans for your business clients.
- Fast and flexible business loans Business loans that can move quickly and stay as long as needed.
- Private lenders in NZ for advisors How mortgage advisors choose a private lender, and where HomeSec fits.
- Best private lenders for advisors What makes a private lender a good fit for mortgage advisors.
- Best second mortgages for advisors What to look for in a second mortgage for your business clients.
Next step
Have a private second mortgage scenario?
Speak with the team or lodge a scenario through the HomeSec partner pathway.