Vía Capital

Second Mortgage

Full Parameters

Everything you need before submitting a second mortgage deal. Our second mortgage products sit behind an existing bank or ADI-grade senior lender. Parameters are indicative - we may work outside these limits depending on the strength of the deal.

Residential Second Mortgage

Loan size
$500,000 - $7,500,000
Max combined LVR - Metro
Up to 75% (1st + 2nd, incl. all capitalised interest and fees)
Max combined LVR - Regional
Up to 65%
Max combined LVR - Destinational
Up to 55%
Establishment fee
2.10% of loan amount
Rollover fee
0.25% if term is extended
Minimum term
6 months
Valuation basis
As-is only
Security package
2nd registered mortgage, PPSR/GSD, personal guarantee, share security

LVR is calculated on total exposure (1st + 2nd mortgage combined).

Commercial, Industrial & Retail Second Mortgage

Loan size
$1,000,000 - $7,500,000
Max combined LVR - Metro
Up to 65% (1st + 2nd combined)
Max combined LVR - Regional
Up to 50%
Establishment fee
2.10% of loan amount
Rollover fee
0.25% if term is extended
Minimum term
6 months
Valuation basis
As-is only
Security package
2nd registered mortgage, PPSR/GSD, personal guarantee, share security

LVR is calculated on total exposure (1st + 2nd mortgage combined).

All parameters are indicative and subject to final credit assessment. We may work outside these parameters depending on the strength of the deal.

Senior Lender Requirement

For all second mortgage lending, the existing first mortgage must be held by a bank, ADI, or ADI-like institution. This protects the integrity of the enforcement process and is a hard requirement.

Qualifying senior lenders

  • •All major Australian banks (ANZ, CBA, NAB, Westpac, Macquarie, etc.)
  • •All APRA-regulated ADIs (Authorised Deposit-taking Institutions)
  • •ADI-like non-bank lenders: Pepper Money, Resimac, Liberty Financial
  • •Other established non-bank lenders considered on application

Does not qualify as senior

  • •Private credit funds
  • •Non-bank private lenders
  • •Family or related-party arrangements
  • •Other second mortgage holders

Qualifying Locations

We lend across Australia's East Coast. Location affects the maximum combined LVR we'll apply.

Major Cities

Sydney (50km radius), Melbourne (35km), Brisbane (20km), Gold Coast (20km), Canberra (10km)

Regional Cities

Newcastle, Wollongong, Geelong, Central Coast NSW

Destinational

Byron Bay, Southern Highlands, Mornington Peninsula, Noosa

Other locations considered case by case and may attract adjusted LVRs and pricing.

What we need from you

We aim to give indicative terms within 24 business hours. For second mortgage deals, we need the following.

  • ✓Brief scenario summary - what does the borrower need and why?
  • ✓Property details - address, type, current use
  • ✓Current property value (valuation or recent sale evidence)
  • ✓Senior lender details - lender name, current balance, and approved limit
  • ✓Loan amount requested from Vía Capital and desired term
  • ✓Borrower profile - name, entity structure, brief background
  • ✓Exit strategy - sale, refinance, or liquidity event?

Want to discuss a specific scenario?

Second mortgage structures can be complex. If you have a deal that looks close to our parameters, or one that's outside them but strong on fundamentals, talk to us before walking away.

Submit a DealDiscuss a Scenario