Caveat loans with no valuation, for Victorian property
HomeSec writes caveat loans over Victorian property only, with no valuation, financials or bank statements and no need for your existing lender's consent. We lend $20,000 to $5,000,000 for business purposes, with funding possible in as little as 24 hours. If the property is in another state, we settle on a second mortgage instead, also with no valuation.
See if you qualify in sixty seconds. No credit check to apply, no financials, no payments for the first six months. That's the HomeSec Advantage.
See if you qualifyWe write caveat loans over property in Victoria and nowhere else. If your property is in New South Wales, Queensland, South Australia, Western Australia, Tasmania or a territory, the same loan is written as a second mortgage with no valuation.
The quickest loan we write, with nothing to value
A caveat loan is built for a date that cannot move: an ATO deadline, a settlement, a supplier who wants paying on Friday. It needs no consent from your existing lender, and because we never use valuers, there is no inspection or report to wait for either. That is why it sits at the fast end of what are already Australia's fastest and most flexible business loans, with up to 6 months no payments once it is funded.
What happens instead of a valuation
- You tell us the property and roughly what it is worth. Your estimate is a starting point; we assess value ourselves.
- We run the title search. It shows who owns the property and what is already registered on it.
- We look at the equity, the purpose and the exit. Up to 80% of a residential property's value or 70% of a commercial one, counting what is owing; a business reason for the money; and how the loan gets repaid.
Every application is read by a Lending Manager and every credit decision is signed off by a person. We do not use artificial intelligence to assess, approve, decline or price a loan.
No financials or bank statements, either
The caveat is over property, so the property carries the loan. We do not ask for tax returns, BAS, an accountant's letter or bank statements, and there is no serviceability test. Businesses behind on lodgements, start-ups and anyone with uneven takings are assessed the same way as everyone else.
After the deadline has passed
Many caveat loans are repaid quickly from a refinance, a sale or a payment that was always coming. If you need longer, the term is open, interest can be prepaid or added to the loan for up to six months, and the caveat can later be replaced with a registered second mortgage. When a bank refinance is ready, it repays the HomeSec loan.
More on the instrument: what a caveat loan is, urgent caveat loans for business and private lending in Melbourne.
Caveat loans without a valuation
Can I get a caveat loan with no valuation?
Do you do caveat loans in New South Wales, Queensland or other states?
Why is a caveat loan so quick?
Can a caveat be turned into a second mortgage later?
Do I need my bank's permission?
Tell us the address, what is owing and the date. (03) 9017 6611 or 1300 93 83 87, Mon–Fri, 8:30am – 5:30pm Melbourne time, or apply online.
See if you qualify in sixty seconds
Three short questions, no credit check to apply and no financial statements. A Lending Manager reads it and calls you back with a real answer — not a call centre, not an algorithm.
That's the HomeSec Advantage.