Second Mortgages NZ

Searching for a trusted mortgage lender to help you navigate the waters of home loans? Look no further! Whether you’re aiming to pay for home improvements or simply seeking the best loan option tailored to your needs, taking out a second mortgage might be the solution you’ve been hunting for. By leveraging the market value of your property and building upon your existing mortgage, you can unlock the potential of your home’s equity. Dive into the world of second mortgages with us and discover how you can make the most of your property’s worth!



$1,000 – $150,000


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Calculate Your Second Mortgage Repayments

Use our second mortgage finance calculator & determine the repayments you can afford & how much you should borrow. Usually, you’ll make a deposit on the item you wish to purchase, which acts as security, & we then spread the rest across 48 months. Our fast loans are subject to credit checks & in accordance with the responsible lending code of NZ.

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Our maximum loan term is 3 years so your repayments on a $6650 loan must be $70 (or more) per week

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$30 per week

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* This is an approximate loan duration and amount based on assumed adequate security & collateral, job security, income, residence situation and positive references. This is subject to the New Zealand responsible lending code. Terms and conditions apply.

Use a Second Mortgage and Access $20,000 fast with NZ Home Equity Loans

Demand for home equity loans has increased lately, because property prices added hundreds of thousands in equity to NZ homes recently. You could be worth a lot more than you think because of the equity in your home. So an equity release through a second mortgage is possible and can help if you need some extra cash. Maybe it’s a smart financial decision to pay off high-interest debt, or a second mortgage to finance those renovations you have always dreamed of. A second mortgage can help, with QuickLoans by your side, it could be exactly what you need to unlock equity and turn it into liquid cash, fast.

We’re second mortgage and second tier mortgage experts and have been helping NZ homeowners use the wealth in their home to buy, extend and consolidate for over 10 years.

Taking on more debt through a second mortgage may seem like the last thing you’d want to do, but depending on your situation it could be a smart move that could help you achieve your goals much faster and easier.


QuickLoans second mortgages are a home equity line of credit (HELOC)

They can help you with

  • Secure a deposit for another property or new home before it gets snapped up by another buyer…
  • Provide additional value to your property through new additions like a larger bathroom, heat pumps, extra bedrooms, and more…
  • Pay down a high-interest debt and reduce your monthly bills to one, easy-to-manage payment…

And much more. Getting a second mortgage to cover smart expenses can be the way to go. We can help you access fast funding subject to the responsible lending code and affordability.

Fixed rate second mortgages & expert Kiwi advice

If a fixed-rate second mortgage turns out to be the right move for you, we’ll ensure you get competitive rates on a payment schedule that is comfortable for your family.

But there’s only one way to find out whether a QuickLoans second mortgage is right for you.

So if you think you want or need a second mortgage, don’t hesitate to reach out or apply today!

Apply for preliminary approval today by clicking or tapping the ‘Apply Now’ button below and entering your details. We’ll take a look at your situation and get back to you within 60-minutes to discuss your best options.


What Does Heloc NZ mean?

Heloc NZ is an abbreviation for – Home equity line of credit, and the NZ, means New Zealand.  If you are thinking of buying an investment property, getting your house renovated, funding a new business, or if you have a large expense coming up, getting a home equity line (Heloc) can cover these expenses.

Here are QuickLoans, we offer Heloc NZ, home equity lines to help you achieve your short-term financial goal or make the necessary payments.


What is a Second Mortgage?

A second mortgage is a short-term loan where you use your home equity to secure another loan in complete privacy. In other words, it is using your home as collateral while still paying it off.

The amount we can lend for a second mortgage is dependent on your home equity, which is the difference between your home’s value and the amount you still owe. Technically, you don’t own your entire home until you’ve fully paid it off. The part that you own is the equity and can be used to secure a second mortgage loan.

Example – if your home is worth $500,000 and you owe $120,000 on your mortgage, your home equity is $380,000.

Second mortgage loans base their value on the current equity of the property. Generally, a home’s value increases over time, which also means your equity increases. New Zealand’s real estate market has seen a rapid increase in the past years, so your home’s value should have also increased.

Your home’s equity also increases if you’ve made improvements in the home. A kitchen renovation, an additional bedroom or a basement turned second living room adds value to your property.


How Does it Work?

First we have an application process, your loan approval and a loan pay-out. You are required to make regular loan repayments (weekly, fortnightly, or monthly) on top of your regular mortgage payments.

Since you used your home as collateral, the loan is considered a “second” mortgage or Helic. Because this mortgage is dependent on the first home’s value and equity, it has, in most cases, higher interest rates than the first mortgage loans.

Please be aware that when you take a second mortgage loan, a mortgage is placed on the title of your property. A mortgage is the lender’s legal right to possess the property if you default on your loan repayments payments and your home can be foreclosed and sold.


When to Get a Second Mortgage?

Unlike a banking home mortgage that you can only use to buy a house, a second mortgage can be used for almost anything.

Before you decide to get a second mortgage, remember that it comes with the possibility of higher interest rates. It is also another debt, another loan repayment payment you have to make. But if you are really short on money for a project, it is still a better option because it usually has a lower interest rate than a credit card.

When should you consider releasing equity?

Please note, this information is not to be considered financial advice.

Home repairs and renovations can be expensive. A second mortgage is a good source of financing for the repair or renovation project.

Business investment. When you need additional funds to start a business, a release into your business accounts can provide the financial boost to get your business started without having to get different types of loans at higher interest rates. Here at QuickLoans, we also offer Business Loans, so if you are starting a business, reach out to us and we can help you get the right funding for your financial position.

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Here are our personal loan FAQs

What is the difference between a mortgage and a second mortgage?

A second mortgage is a loan that is secured against your home, meaning that if you don’t keep up with the repayments then the lender could repossess your home. A mortgage is a loan that is secured against an asset, such as a property, which can be used as collateral if you don’t keep up with the repayments.

Will a second mortgage hurt my credit rating?

If you make your payments on time, a second mortgage should not have a significant impact on your credit score although every time you apply for credit, it’s recorded. If you’re worried about your credit score, you can always ask the lender for a longer term so that you can make smaller monthly payments.

Easy, Fast Loans With Our ‘Digital Signature’ Service


You’re busy. We get that. That’s why you can sign for, and receive your funds, without even leaving your house. Our digital- signature service provides an even more stress-free, convenient service for you. If you’ve got a smart-phone or a computer, you can apply and get approved today! Click here to start the process.