Whether you’re upgrading to a bigger home or investing in a holiday home, a second home loan allows you to leverage your existing home loan and access your property value for your second property purchase. With flexible loan options, including fixed rate home loans and variable home loans, this financing solution enables home buyers to expand their property portfolio without liquidating their current assets.
At Ausfirst Lending Mortgage Brokers, we specialise in assisting second home buyers through the purchasing process. Our lending specialists provide professional advice on loan features, interest rates, and offset accounts, helping you manage your loan repayments while maintaining financial stability.
From understanding lenders mortgage insurance (LMI) and navigating pre-approval to minimising upfront costs and securing the best loan, we make the journey seamless. Our team is here to support you with tailored solutions that align with your goals.
This approach could be suitable in scenarios such as:
Discussing your situation with a broker may help assess whether this option aligns with your goals and capacity. Some borrowers exploring options with limited upfront savings or variable income may also review general pathways for low-deposit home loans and self-employed loans, where lender criteria may differ.
Lenders typically consider:
Each of these elements may affect your eligibility and the family guarantee home loan structure offered.
To assess whether the guarantor’s property has sufficient equity, lenders generally request a formal valuation. They typically evaluate:
If the combined value of the guarantor’s existing loan and the guaranteed portion of your loan may fall within the LVR thresholds some lenders consider acceptable—often around 80%, depending on the institution—the property may qualify as suitable security.
Note that acceptable LVR levels can vary between lenders.
Guarantor eligibility criteria differ across lenders, but in many cases, the following family members may be accepted:
Your mortgage broker can help clarify whether your intended guarantor is likely to meet the requirements of specific lenders.
If you’re considering this loan structure, the process may involve:
Planning each step carefully can be helpful. It’s important that the guarantor understands the legal and financial implications, as their property is being used to support your loan.
For borrowers relocating to Brisbane with the support of a guarantor, practical considerations—such as ensuring a smooth and well-timed move—may form part of the broader planning process.
Family guarantee loans typically involve more steps and considerations than standard loans. A mortgage broker may assist by:
Working with an experienced mortgage broker may offer clarity and help reduce the likelihood of delays or unexpected issues.
If you’re considering a family guarantee home loan, Ausfirst Lending Group may be able to help.
Our brokers can assist in evaluating your eligibility, comparing loan options, and guiding you through the process based on your circumstances.
Reach out today to arrange an initial discussion. There’s no obligation—just an opportunity to explore what might be possible.
Securing the right loan should be a personal journey, not a transaction. That's why when you choose us, you deal directly with Richard, the founder, who brings over 30 years of hands-on experience managing diverse loan projects across Queensland.
Unlike larger brokerages where you become just another file number, Richard personally oversees every client's loan process—whether you're purchasing your first home, refinancing, expanding your investment portfolio, or acquiring commercial equipment. His extensive industry knowledge ensures you receive tailored advice, a smooth application experience, and solutions that align with your long-term financial goals.
We’re not just mortgage brokers; we’re your trusted lending partners. With a commitment to transparency, accessibility, and genuine care.
In other words, you are not passed between departments—you are looked after by someone who treats your financial success as his own.
Speak to Richard Today →Whether you're buying your first home, refinancing, or exploring loan options through a trust or SMSF, we’re here to guide you every step of the way. As your trusted Mortgage Broker on the Sunshine Coast, we offer personalised advice tailored to your needs.
Location: Suite 3/74 Bulcock St, Caloundra QLD 4551
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We provide a wide range of lending options designed to suit different property goals, financial situations, and investment strategies. Whatever your needs, our team is here to guide you to the right loan solution.
For buyers and homeowners managing their own property needs.
Get started on your homeownership journey with our first home loan options, crafted to help you secure your dream home.
Start Your First Home Journey
Leverage the equity in your home to unlock funds for renovation, investment, or other financial needs.
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Adapt your mortgage to suit your changing life circumstances with ease.
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Bridge the gap between buying and selling with short-term loan solutions.
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Utilise your self-managed super fund to invest in property with our specialised SMSF loan options.
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Secure funding for your trust's investment needs with our trust loan solutions, tailored for optimal outcomes.
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Unlock exclusive lending opportunities tailored for sophisticated investors ready to scale.
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Live where you love and invest where it counts with our rentvesting strategies.
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Own your dream holiday retreat with our tailored holiday home loan solutions.
Buy a Holiday Home
Transform your property with renovation loans tailored for projects of any size.
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Finance eco-friendly homes or upgrades with our green loan products.
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Secure finance for your business property needs with our commercial loan options.
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Save thousands by avoiding Lenders Mortgage Insurance with our waived options and find out about our unique loan strategies.
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Tailored for self-employed professionals and business owners who may not have traditional income verification.
Simplified Documentation Loans
Take advantage of a 100% Offset Home Loan to minimise the interest you pay by linking your savings directly to your mortgage.
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With a Family Guarantee Home Loan, your parents or close family members can help you enter the property market by using their home equity as security.
Leverage Family SupportWe provide tailored lending options for healthcare workers, educators, tradespeople, legal professionals, and business owners—designed to suit the way you earn and work.
At Ausfirst Lending Group, we understand that medical and healthcare professionals need more than just a loan—they need a lending partner who appreciates their unique journey. Whether you're a doctor, nurse, dentist, or allied health specialist, we provide tailored home loan solutions with personal guidance, LMI waivers, and flexible options that fit your career and lifestyle. With Richard’s 30+ years of hands-on broking experience, we ensure your loan process is managed with care, transparency, and expertise from start to finish
Designed to accommodate complex income structures like private practice, hospital rosters, and ABNs.
Get Doctor-Specific Rates
Flexible loan terms aligned with shift work schedules and frontline service benefits.
Explore Nurse Options
Mortgage options that recognise the cash flow patterns of clinic-based professionals.
Chiropractic Lending Solutions
Lending solutions tailored for high-earning professionals with private practice considerations.
Tailored Loans for Dentists
Customised loans for optometrists balancing practice ownership and salaried roles.
Explore Optometrist Packages
Designed to support pharmacists navigating retail, hospital, or business ownership income structures.
Mortgage Options for Pharmacists
Tailored lending for physiotherapists in private clinics or mobile practices.
Loans Designed for Physio
Loan programs suited to private practice psychologists and those in multidisciplinary clinics.
See Psychologist Lending BenefitsEducators play a vital role in shaping future generations, and we’re here to ensure their home loan journey is just as rewarding. Whether you're a school teacher, early childhood educator, university lecturer, or support staff member, we offer home loan solutions designed to recognise your dedication to the community. From exclusive lending benefits to flexible loan structures, we simplify the process so you can focus on what you do best—teaching and supporting others.
Mortgage solutions that support educators with steady incomes and eligibility for LMI waivers.
Discover Teacher ProgramsFor those who serve and protect—whether in law enforcement, emergency services, legal professions, or defence—navigating the home loan process should be as straightforward as possible. We offer tailored mortgage solutions that acknowledge the unique demands of your profession, providing structured lending benefits, flexible options, and personalised support.
From police officers and firefighters to lawyers and defence personnel, we’re here to simplify your path to homeownership with solutions designed around your service.
Structured home loans for legal professionals with scalable borrowing capacity as careers progress.
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Reliable mortgage options designed for law enforcement with steady service incomes and allowances.
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Flexible lending for self-employed tradies with fluctuating incomes and contractor work history.
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Flexible lending tailored to business owners and freelancers with variable documented income.
Apply as Self-Employed
Structured loan solutions designed for accountants with layered income sources and business deductions.
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Lending options structured for engineers with contract-based or salaried employment structures..
Loan Packages for EngineersWe begin by understanding your unique goals and needs through an initial consultation (via phone, Zoom, or in person).
We gather key information to validate your financial situation and lay the foundation for the right loan strategy.
We carefully review your options and craft a lending strategy tailored to your specific needs and objectives.
We prepare and submit your application to the lender, ensuring everything is in order.
We manage the settlement process, keeping you informed every step of the way and making sure everything proceeds seamlessly.
We provide continuous support and review, offering updated loan options as your needs evolve over time.
Absolutely, you can secure a second mortgage in Australia. This home loan type allows you to borrow against the equity in your existing property while keeping your current mortgage in place. This can provide funds for purchasing a second property or other investment opportunities, but it’s essential to ensure you can handle the additional debt and repayments.
For a second home loan in Australia, the deposit typically ranges between 10% and 20% of the property’s value. The exact amount depends on the lender, your financial situation, and the equity you’ve built in your first property. Lenders will consider factors such as your income, credit rating, and existing debt before determining the required deposit. In some cases, you may be able to leverage the equity in your first property to reduce the amount of cash deposit required, though a deposit is still typically necessary.
Yes. In Australia, many banks and financial institutions offer second mortgage solutions. These loans let you borrow against the equity in your existing property to finance the purchase of another home or for other financial needs. However, since second mortgages are considered riskier for lenders, the interest rates may be higher than your first mortgage.
A second charge mortgage broker is a specialist who helps clients secure second charge loans, which are loans taken against the equity in your existing property while your primary mortgage remains in place. These brokers work with lenders to find the best loan options for individuals looking to use their home equity for purposes like buying a second property or consolidating debt. They guide you through the process, ensuring you get competitive terms based on your financial situation.
How much you can borrow on a second home loan typically depends on the equity in your current property and the lender’s loan-to-value ratio (LVR) requirements. In most cases, lenders allow you to borrow up to 80% of your home’s value minus the balance of your existing mortgage. Your credit score, income, and debt levels will also be assessed to determine the exact borrowing capacity.
Australia does not offer a specific government grant for second home buyers like the First Home Owner Grant (FHOG), which is designed for first-time buyers. However, some states or territories may provide incentives, such as stamp duty concessions or exemptions for those purchasing a second property, especially if it’s for investment purposes. It’s important to check with your local government for any applicable schemes or concessions that might apply to your second home purchase.
A second home loan can be a good idea if you have significant equity in your current home and a well-thought-out financial plan. It allows you to access funds without having to sell your property, which can be useful for buying an investment property or making renovations. However, it’s crucial to consider the risks, such as higher interest rates and the potential impact on your financial stability, before proceeding. Consulting a mortgage broker can help you decide if it’s the right option for your situation.
Yes, you can purchase a second property even if you still have a mortgage on your first home. Lenders will evaluate your financial situation, including your income, existing mortgage, and available equity, to determine your borrowing capacity for a second home loan.
Ausfirst Lending Group is proud to be recognised as a finalist in the 2024 Sunshine Coast Business Awards under the Professional Services category, showcasing our commitment to excellence and dedication to serving the community with integrity and expertise.
We don’t just find you a loan that fits; we aim to get one that exceeds your expectations in terms of rates, options, and service.
We work with over 40 lenders, including big banks and non-bank lenders, giving you unparalleled mortgage choice—you have plenty of options to choose the most suitable home loan for you.
Our team is dedicated to guiding you throughout your homeownership journey, whether it’s securing your first home or an additional investment property. We provide ongoing support, including a 6-month review process to keep your loan competitive.
Every mortgage broker on our team has over 10 years of industry experience, ensuring expert advice every step of the way.
We tailor home loan solutions that prioritise your best interests, not the bank’s.
Our entire process is transparent and easy to understand, making the entire journey hassle-free.
