Other ways to fund it
Alternatives to a second mortgage, compared honestly
Sometimes the sensible answer is to leave the property out of it. Here's how unsecured loans, refinancing, lines of credit, equipment finance, investors and asset sales stack up.
Unsecured loan
When an unsecured business loan beats borrowing against your home, how amounts are sized on turnover, and the trade-offs in term, repayments and cost.
Read more →Refinance instead
Second mortgage vs refinance for business: a decision guide based on how long you need the money, what your current loan is worth to you and your exit.
Read more →Line of credit
Business line of credit vs second mortgage: which suits recurring, up-and-down cash needs and which suits a one-off lump sum, plus the traps with each option.
Read more →Equipment finance
If the money is for vehicles, machinery or gear, equipment finance secured on the asset itself may beat a second mortgage. When it fits and when it doesn't.
Read more →Taking an investor
Should you bring in an investor or borrow against property? How equity and debt compare on control, cost, risk to your home and timing, with a worked example.
Read more →Selling an asset
Before borrowing against your home, could you sell shares, a spare vehicle or idle equipment instead? How to weigh selling against borrowing, including tax.
Read more →Funding from cash flow
Before borrowing against your home, can the business free up the cash itself? Practical ways to self-fund a need, and when waiting is the wiser choice.
Read more →Weighed it up? Let's see if it stacks up.
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