The fastest route to secured property finance — without the bank runaround. No income proof, no credit checks, no lengthy processing times. A private first mortgage focused entirely on your property equity and exit strategy.
A private first mortgage is a loan secured by a first registered charge over a property. First mortgage loans present the lowest risk to private lenders because they have first charge, and as a result offer the most competitive interest rates and fees.
Unlike a bank mortgage, a private first mortgage is assessed primarily on the value of the security property and the borrower's exit strategy — not income, employment history, or credit score. This fundamental difference is what opens the door for borrowers who have been declined by banks or simply cannot satisfy standard income documentation requirements.
Private first mortgage lenders operate with significantly more flexibility than banks. They can move in days rather than months, lend against property types that banks treat cautiously, and accommodate borrowers with complex financial situations — all while maintaining the security of a first-registered mortgage position over real property.
A private first mortgage is typically the right solution when speed and flexibility are needed that simply cannot be matched by major banks — whose lengthy processing times and strict income and credit criteria make them an impractical option for many borrowers.
When your current private or non-bank loan is maturing, becoming uncompetitive, or needs restructuring, a new private first mortgage can provide a better rate, extended term, or more suitable structure — fast. Acting early avoids lender pressure and maximises your options.
Business owners and self-employed borrowers often carry significant property equity but lack the clean financials banks require. A private first mortgage unlocks this equity for working capital, equipment, stock, business acquisition, or any other legitimate business purpose — without payslips or tax returns.
Banks decline borrowers for many reasons — bad credit, defaults, unusual income structures, non-standard property types, or simply being self-employed for less than two years. Private first mortgage lenders assess these scenarios on their merits, focusing on property equity rather than a checklist of standard criteria.
Auction purchases, off-market opportunities, and settlement deadlines often require finance that moves at the speed of the deal. Private first mortgage lenders can provide indicative approval within 24–48 hours and settle within days — something no major bank can match.
Securing a development site in a competitive market requires fast, certain finance. A private first mortgage against existing property — or the site itself — provides the speed and certainty to act decisively while longer-term construction finance is arranged.
When an existing mortgage is about to default, expire, or face enforcement proceedings, a fast private first mortgage refinance can provide critical breathing room — buying time to sell, refinance permanently, or restructure obligations on your own terms rather than the lender's.
Key terms and parameters for private first mortgage loans arranged through Blue Vista Capital.
Share property details, loan amount, purpose, and exit strategy. No financials or payslips needed at this stage.
Within 24–48 hours, we present indicative terms from the most suitable lender in our 45+ panel.
Minimal documentation required. Property details, ID, and a valuation if required by the lender.
Funds in your account — often within days of formal approval, depending on outgoing lender timeframes.
Private first mortgages and bank mortgages both use the same security position — but the similarities end there. Here's how they compare on the factors that matter most to time-sensitive borrowers.
| Private First Mortgage | Major Bank Mortgage | |
|---|---|---|
| Approval timeframe | 24–48 hours indicative | 2–6 weeks or longer |
| Settlement timeframe | Days to 2 weeks | 4–8 weeks |
| Income proof required | ✓ Not required | ✗ Mandatory |
| Tax returns required | ✓ Not required | ✗ 2 years required |
| Bad credit accepted | ✓ Case by case | ✗ Generally declined |
| Self-employed friendly | ✓ Yes | ✗ Complex, often declined |
| Non-standard property | ✓ Many types accepted | ✗ Restrictive criteria |
| Loan purpose flexibility | ✓ Any legitimate purpose | ✗ Restricted purposes |
| Interest rate | From 7.99% p.a. | From ~6.0% p.a. |
| Typical loan term | 1–24 months | 20–30 years |
Private first mortgages carry higher interest rates than bank loans — this reflects the flexibility, speed, and accessibility they provide. They are designed as short-to-medium-term solutions, not long-term home loans.
If you own property in Australia with available equity, you most likely qualify for a private first mortgage — regardless of income, employment status, or credit history.
Private first mortgage rates start from 7.99% p.a. and vary based on property type and location, loan-to-value ratio, loan purpose and term, and borrower's exit strategy and credit situation.
A private first mortgage is a loan secured by a first registered charge over a property, provided by a non-bank private lender. Unlike bank mortgages, private first mortgages are assessed primarily on the property's value and the borrower's exit strategy — not income, employment, or credit history. This makes them accessible to a wide range of borrowers who don't meet standard bank criteria.
A first mortgage holds the senior security position over the property — meaning the lender has first claim in the event of default. A second mortgage ranks behind the first. First mortgages carry lower interest rates than second mortgages because they represent lower risk to the lender. First mortgages are used when there is no existing mortgage, or when an existing mortgage is being refinanced in full.
No. Private first mortgage lenders assess loans based on the value of the security property and the borrower's exit strategy — not income, payslips, or tax returns. This makes them ideal for self-employed borrowers, business owners, contractors, and anyone with complex or irregular income.
Up to 70–75% LVR for residential metro property. LVR varies by property type and location — commercial, industrial, and regional property typically attracts lower LVR. In some circumstances, higher LVR may be available where there is a clear and defined exit strategy.
Yes. Private first mortgage lenders focus on property value and exit strategy rather than credit history. Defaults, court judgements, and adverse credit history are assessed case-by-case. Many borrowers with significant credit issues are successfully funded through private first mortgage lending.
Residential, commercial, industrial, and land assets across most Australian postcodes. Private lenders can accept property types and locations that mainstream banks treat cautiously, including regional property, mixed-use assets, and properties in non-standard condition.
Short-term bridging loans for property buyers, investors, and developers. Fast approval, interest-only, terms to 12 months.
Unlock equity without disturbing your first mortgage. Ideal for business capital, equipment, or working capital needs.
No payslips, no tax returns. Business owners access capital secured against property equity in days.
Site acquisition, construction funding, and mid-project rescue. Limited presales accepted. Mezzanine and senior debt.
Release equity from residential or commercial property for any business or investment purpose. Bad credit welcome.
Refinance an expiring or expensive private loan to a lower rate, better structure, or extended term. Fast settlement.
Same-day response. No credit check to enquire.