Unlock your equity.
Unlock your wealth.

Free yourself from financial pressure with a smarter way to access the value in your home. No monthly payments, use your equity without selling, pay it back when it suits you.

Unlock your equity

Reduce your monthly outgoings

Boost your borrowing power

It takes less than three minutes to check your eligibility, with no impact on your credit score.

What is the current value of your home?

$1,000,000

$500,000

$10,000,000

How much do you owe on your mortgage?

$500,000

$800,000

How much would you like to borrow from Midkey?^*

^*Including the option to reduce your existing mortgage.

$200,000

$100,000

$300,000

Nearly there! Just enter your details below and submit to find out if you're eligible.

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Disclaimer: This content is provided for informational purposes only and without warranties of any kind. Use of the information is at your own risk.

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Worked hard for years but still want more?
‍You’re not alone.

Worked hard for years but still want more? You’re not alone.

Why responsible homeowners are choosing Midkey*.

No monthly payments

Available to borrowers aged 18+

Interest does not compound

We can offer a solution when other lenders can’t

Works as a first or second mortgage

No fixed loan term

*Subject to terms and conditions. Repayment triggers for Midkey loans are included in your contract. The loan will need to be repaid if you die, you move into an aged care facility, or the LVR exceeds 100%.

Discover how Midkey works

Find out more

See how Midkey transforms lives

It certainly gives you peace of mind because you control when you pay back.

It's a wonderful way of addressing a short to mid-term need, leveraging the biggest asset that you own.”

– Chris, Advertising Executive (Mosman)

Without Midkey, I would've had to sell my home and uproot my life and my kids.

For me, this product has come at a perfect time. Wages aren't going up and I don't want to be working 70 hours a week as a single mum.”

– Cheryl, Banker (Coogee)

A responsible alternative to traditional lenders.

Here’s how our borrowers have used their Midkey loans to regain financial control.

Unlock your equity

Renovate your property

Invest in a business

Pay school or university fees

Reset financially after divorce

Pay unexpected healthcare costs

Reduce your monthly outgoings

Refinance an existing mortgage

Consolidate
debts

Boost your borrowing power

Help your kids buy a home

Buy an investment property

Upsize to a bigger house

Let’s get started

Explore your options and see what you could unlock.

Check Eligibility Check borrowing power

Midkey and home equity

An Introduction to Midkey

Understanding home equity and how much you can access

What our borrowers have to say

"Midkey's entry has provided a truly innovative product, that not only allows homeowners to tap into their home equity but with no monthly payments. For me, Midkey helped me to pay off outstanding debts, improve cashflow at a time of rising rates and attend to much needed home renovation. Without hesitation, I highly recommend Midkey for its innovative home loan products and incredible customer service."

Daniel - Balmain East, NSW

12 October 2023

"Midkey and Amanda are an amazing company to deal with, from start to finish. Amanda was professional. She explained everything about the product. If you are an older person nearing retirement and have equity in your home that you can’t access because the banks don’t want to know you, then this product could be for you. They worked with us from the beginning to achieve the end result we were after. Thank you Midkey for making our life so much better."

Denise D - Kirkham, NSW

12 September 2024

“Midkey and Amanda were superb. Midkey is meeting a gap in the market for home finance which the banks ignore older people with home equity. It is a national tragedy that people over 55 struggle to get housing finance, especially those that are self-employed including in the professions. Amanda was supremely helpful and pleasant and knowledgeable to deal with.”

Dr David Millhouse - Spring Hill, QLD

10 July 2024

"Amanda Hall, as the rep for Midkey, was nothing other than amazing to deal with. Not only is the product Midkey offers amazingly suitable for homeowners who have built up equity in their home, but their customer service is also incredible. Amanda listened to what we wanted to achieve from the process; clear debt and prepare for our upcoming wedding, and she made it happen in a seamless manner. I can't speak highly enough of Amanda and the product Midkey offer."

David - Labrador, QLD

17 June 2024

"My wife and I were at a loss as to how to afford our dream home, in a high-interest rate environment, being somewhat equity rich but cash poor. When a close friend introduced us to Midkey, we were delighted when Richard Young and Amanda Hall outlined how we could comfortably afford our dream home. Better still, without regular, ongoing repayments, but by accessing our home’s future equity uplift. It’s a modern, win-win product from a group of genuinely good people at a small, financially innovative company - Midkey. We’re sincerely grateful."

Stuart - Clontarf, NSW

2 December 2023

"Midkey provided an amazing financing solution that enabled us to use equity in our home to help improve our cashflow. Their process was easy and turnaround time amazing! Amanda Hall needs special mention."

Raja Ratnam - Cooks Hill, NSW

15 Jan 2024

Frequently asked questions

Take a look at the most commonly asked questions.

At the end of your Midkey No Monthly Payments Loan – typically when you sell your home or choose to repay – you’ll pay:

The original loan amount (principal): This is the amount you borrowed at the start of your Midkey loan.
Simple interest that has accumulated on your loan amount. Midkey charges simple interest (not compounding), which means interest is calculated only on your original loan amount – not on any interest that’s already accrued. For example, interest that builds up this year won’t generate more interest next year.

The rate is typically 1-2% higher than a traditional home loan, but lower than reverse mortgage or typical second mortgage rates.
It’s a variable rate, linked to the Reserve Bank of Australia’s cash rate:
- Owner-occupiers: RBA + 3.25%
- Investment houses: RBA + 3.75%
- Apartments: RBA + 4.25%

The Midkey Deferral Fee: This is a proportion of any increase in the agreed initial value* of your home during the loan term. The proportion is agreed upfront and calculated by dividing your Midkey loan amount by your home’s agreed initial value. We refer to this proportion as the deferred payments percentage.

Making partial repayments during your Midkey loan term will reduce the deferred payments percentage that determines your Midkey Deferral Fee. If no partial repayments are made, the original deferred payments percentage (agreed at the start of your loan) will stay the same.

Below are two examples of how a Midkey Deferral Fee is calculated:

If, at the start of your Midkey loan, the amount of your Midkey loan was 10% of your home’s agreed initial value, your Midkey Deferral Fee will be 10% of any increase in your home’s value over the agreed initial value during the term of your loan.
If, at the start of your Midkey loan, the amount of your Midkey loan was 20% of your home’s agreed initial value, your Midkey Deferral Fee will be 20% of any increase in your home’s value over the agreed initial value during the term of your loan.

If, at the end of your Midkey loan, the agreed initial value of your home has not increased or has decreased, you will not pay a Midkey Deferral Fee.

*For every Midkey loan, we apply a minimum 5% reduction to your home’s initial independent valuation. This adjusted figure is called the agreed initial value. We apply this reduction because the economics of Midkey’s No Monthly Payments Loan are designed primarily for long-term borrowers. However, we understand that some borrowers may need short-term solutions too. By using the agreed initial value, Midkey can responsibly offer loans to both short-term and long-term borrowers – while keeping our model fair and sustainable for everyone.

Valuation fee (if required)

A final independent valuation may be needed. This fee is paid directly to an independent valuer, typically $300-$3,850 (quotes required for homes valued over $10 million)

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Discharge fee: Approximately $500

Note: There are no regular or monthly fees charged during the term of your Midkey loan. However, if certain events occur during the term of your loan (for example, if you want to make a partial repayment of your Midkey loan or you need to make a partial repayment because the loan to value ratio that applies to your home is greater than 100%), you will need to pay some additional fees (like partial repayment fees, valuation fees, processing fees, third party fees, and other incidental fees).

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The main differences are:

Timing of payments: Traditional home loans require principal and interest payments monthly. Midkey loans have no regular monthly payments; all principal and interest can be repaid at the end of the loan.

Assessment flexibility: Traditional lenders assess your ability to make regular loan repayments by reviewing your income, expenses, and assets. While Midkey considers similar factors for any of your priority debts, we don’t require you to prove your ability to make regular or monthly repayments on our loans.

Unlocking home equity: Due to our assessment flexibility, even if you don’t meet traditional serviceability criteria, you may still qualify for a Midkey loan and unlock your usable home equity to increase your borrowing capacity.
Reduce your monthly debt payments: If you want to reduce your monthly debt payments, you can use a Midkey loan to decrease the amount of your traditional home loan.
Simple interest: A Midkey loan charges simple interest (not compound interest). Simple interest means that interest is calculated only on the original loan amount, not on accumulated interest. Our simple interest rate is roughly 1% to 2% higher than a traditional home loan.
Repayment date: A traditional home loan typically specifies a date by which you must repay your loan, whereas a Midkey loan is only repayable on certain events, like if you sell your home, you decide you want to repay, move into aged care, or you die.
Innovative Deferral Fee: The Midkey loan has a new, innovative Midkey Deferral Fee that is a proportion of any increase in the agreed initial value* of your home during the loan term. The proportion is agreed upfront and calculated by dividing your Midkey loan amount by your home’s agreed initial value. We refer to this proportion as the deferred payments percentage.

Below are two Midkey Deferral Fee examples:

If, at the start of your Midkey loan, the amount of your Midkey loan was 10% of your home’s agreed initial value, your Midkey Deferral Fee will be 10% of any increase in your home’s value over the agreed initial value during the term of your loan.
If at the start of your Midkey loan, the amount of your Midkey loan was 20% of your home’s agreed initial value, your Midkey Deferral Fee will be 20% of any increase in your home’s value over the agreed initial value during the term of your loan.

If, at the end of your Midkey loan, the agreed initial value of your home has not increased or has decreased, you will not pay a Midkey Deferral Fee.

*For every Midkey loan, we apply a minimum 5% reduction to your home’s initial independent valuation. This adjusted figure is called the agreed initial value. We apply this reduction because the economics of Midkey’s No Monthly Payments Loan are designed primarily for long-term borrowers. However, we understand that some borrowers may need short-term solutions too. By using the agreed initial value, Midkey can responsibly offer loans to both short-term and long-term borrowers – while keeping our model fair and sustainable for everyone.

Note: Other differences include establishment fees, valuation and documentation costs, a settlement rescheduling fee, and specific eligibility criteria.

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Think of the Midkey Deferral Fee as "the fee you pay at the end of your loan for the benefit of deferring all your principal and interest payments”. Importantly, you are only charged a Midkey Deferral Fee if the agreed initial value of your home increases.

‍How it Works:

The Midkey Deferral Fee is a proportion of any increase in the agreed initial value* of your home during the term of your Midkey loan. The proportion is agreed at the start of your Midkey loan and is calculated by dividing your Midkey loan amount by your home’s agreed initial value**. We refer to this proportion as the deferred payments percentage.
For example:

If your Midkey loan is 10% of your home’s agreed initial value at the start of your Midkey loan, your Deferral Fee will be 10% of any increase in your home's agreed initial value.

If your Midkey loan is 20% of your home’s agreed initial value at the start of your Midkey loan, your Deferral Fee will be 20% of any increase in your home's agreed initial value.

No increase in the agreed initial value of your home? No Midkey Deferral Fee. If, at the end of your loan, the agreed initial value of your home hasn’t gone up – or even if it has gone down – you won’t pay a Midkey Deferral Fee. But, for your sake and ours, we hope the value of your home appreciates through the roof, so we can all celebrate at the end. We love a win/win arrangement, and we hope you do too.
Making partial repayments during your loan term will reduce the deferred payments percentage that determines your Midkey Deferral Fee. If no partial repayments are made, the original deferred payments percentage (agreed at the start of your loan) will stay the same.

‍We designed the Midkey No Monthly Payments Loan to be fair, flexible, and performance-based. If your home does well, we share in the upside. If it doesn’t, you don’t need to pay a Deferral Fee

*For every Midkey loan, we apply a minimum 5% reduction to your home’s initial independent valuation. This adjusted figure is called the agreed initial value, and it forms the basis for calculating your usable equity. We apply this reduction because the economics of Midkey’s No Monthly Payments Loan are designed primarily for long-term borrowers. However, we understand that some borrowers may need short-term solutions too. By using the agreed initial value, Midkey can responsibly offer loans to both short-term and long-term borrowers – while keeping our model fair and sustainable for everyone.

Calculate how much you can unlock here.

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Learn more in FAQs

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