What is a private Mortgage?

Unlike a bank a private mortgage is funded by investors.

The private mortgage market has existed for many years. In the past many legal firms offered this service to their clients by matching people who wanted to lend money with people who wanted to borrow.

While always popular, private mortgages have recently become even more relevant as the APRA induced tightening of credit policy with the banks has seen more and more people seeking alternate funding solutions.

Unlike a mainstream mortgage product, applications can be assessed on their individual merits as investors are not bound to follow strict rule based underwriting standards. While the ability to service the loan and the borrower’s character are important, with a private mortgage, investors are able to focus primarily on the value of the asset being offered as security. This means unlike the banks, loan applications can be approved and settled quickly.

Via our network of private mortgage investors, we aim to deliver our clients with flexible finance solutions that are fast, fair and effective.