First mortgage
A property-backed facility with first-ranking mortgage security.
Keep in mind: The property is at risk if obligations are not met. Review costs and the repayment plan.
Explore this option →Construction & Development · A CLEARER STARTING POINT
Caveat Loan Facility
Understand a proposed short-term property-backed facility, including its legal security, full costs and repayment exit.
Explore the information first. Our team can help you understand the next step.
Your initial profile review won’t affect your credit score.
How credit checks work
The initial review does not involve a hard credit enquiry. If you choose to proceed, a formal credit application may involve a hard enquiry, which can affect your credit score.
THE ESSENTIALS
Your finance essentials.
A facility described as a caveat loan needs its legal structure explained before you proceed. A caveat and a registered mortgage are different legal mechanisms; the description alone does not establish the security or priority. Obtain independent legal advice on the actual documents and obligations.
- Purpose
- Discussing a proposed property-secured facility and its legal structure.
- How it works
- The finance provider and legal advisers need to confirm the security documents, existing interests and how the facility works.
- Security to understand
- Property may secure the facility. Existing mortgages, ownership and legal priority need individual review.
- Costs to compare
- Ask for interest, establishment, valuation, legal, ongoing and exit costs. Check extension terms and how capitalised interest affects the amount owing.
A LITTLE MORE CLARITY
Separate the funding purpose from the security.
These explanations help you understand the differences. They do not select a product for you.
Explore related funding structures
Second mortgage
A further mortgage behind an existing first mortgage.
Keep in mind: Existing debt, priority arrangements and any required consents need review.
Explore this option →Bridging finance
A facility intended to cover a funding gap until an expected repayment event.
Keep in mind: First/second mortgage describes security ranking; bridging describes purpose. These can overlap.
Explore this option →Construction funding
Funding structured around a property project and its stages.
Keep in mind: Drawdown conditions, approvals, cost overruns and completion risks need specialist review.
Explore this option →A situation you might recognise
ILLUSTRATIVE EXAMPLE
A time-sensitive request involves property security and needs a clear legal and repayment review before proceeding.
The team would discuss the purpose, information available, costs and repayment obligations before any next step. This illustration is not a client story, offer or approval.
Before you decide
A caveat is not the same thing as a mortgage. Independent legal advice is important before agreeing to a facility.
GETTING READYA little preparation.
A little preparation.
A better conversation.
You don’t need to have every answer before contacting us. Start with your goal and our team will explain what information is needed.
For this particular request
Ownership, existing security, purpose, amount, timing and an evidenced repayment plan.
The property and borrowing
- Property address, ownership, estimated value and existing secured debts.
- Amount required, purpose, preferred term and important transaction dates.
The repayment plan
- The proposed sale, refinance or other repayment source, with supporting information.
- A backup plan for delays. A future sale, refinance or extension is not guaranteed.
These are conversation checklists, not the final application requirements. Our team will confirm the relevant records and periods.
What should I tell the team?
Your goal, preferred timing, and any circumstances you would like us to understand. Share sensitive documents only through a verified, approved process.
NO GUESSWORK REQUIRED.
Your questions, welcome.
Does a caveat loan mean the same thing as a second mortgage?
No. Do not rely on the product label. Ask your legal adviser to explain the actual security documents, the interest claimed over the property, existing interests and enforcement rights before signing.
What should I check about a short-term payout?
Confirm the maturity date, payout calculation, any minimum interest, early discharge or extension costs, and the evidence supporting your repayment plan. A short term does not guarantee a low total cost.
Is a caveat facility suitable for every property owner?
No. The property, existing security, purpose and legal structure need individual review. Seek independent legal advice before agreeing to a secured facility.
What information helps with the initial review?
Start with ownership, existing borrowing, requested amount, timing and a realistic plan to repay the facility.
What costs should I ask to see?
Request a clear breakdown of interest, establishment and ongoing fees, legal and valuation costs, and exit or extension charges before accepting terms.
What rate and fees would apply to me?
These depend on the product and your individual assessment. Ask for the rate, fees, repayment schedule and total cost in the proposed terms before deciding.
Can I start with a quick question?
Yes. Choose the short enquiry to share your goal and contact details, or take the full application path if you have more time. The team can clarify what is needed next.
Still wondering about something?
Share a little about your plans, or complete the full application if you’re ready.
Choose how to get started →