Unlock Equity
With A Smarter Alternative to Private Lending

An Australian first, access your home equity on your terms with Midkey.

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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Meet Midkey
‍A more flexible solution to private lending

For many Australians, the family home is their biggest asset. When plans change, opportunities arise, or financial pressure builds, the products offered by a private lender might be appealing.

Private lending is often used when borrowers don’t meet traditional lending criteria or need fast access to funds. These loans are typically more flexible in their lending criteria, but often come with higher costs and shorter repayment timeframes.

That can work - but it can also come at a price.

That’s where Midkey is different.

Midkey vs Private Lending

Discover the differences between a loan from a private lender and a Midkey loan.

Private Lender

Loan term

No fixed loan term^{^}

Typically, short term (1 to 3 years)

Loan Purpose

High flexibility, with loans available for both business purposes and a variety of personal purposes

Loans may only be available for limited purposes

Interest and repayments

We charge simple interest, and
typically at a lower rate

Typically charge a higher interest rate, and generally requires regular repayments

Deferral Fee

We charge a Deferral Fee, which is based on the increase in your home’s Agreed Initial Value

No Deferral Fee, but typically charge a
high upfront fee

Regulated

Is licenced as a credit representative, which carries a range of legal obligations

May not have a credit licence, depending on the loan structure and purpose.

The total LVR of your property, including the outstanding balance of any loan secured by a first ranking mortgage, cannot exceed 80% for owner occupied freehold properties, or 75% for investment properties and apartments.

Information is provided for general comparison purposes only and does not take into account individual circumstances. Loan terms, interest rates, fees and eligibility criteria vary by lender and are subject to change. This information does not constitute financial advice. Before acting on this information, Midkey recommends that you seek independent professional advice.

^{^}Repayment triggers for your Midkey loan are included in your contract. The loan will need to be repaid if you default, if you increase your priority mortgage, if the LVR of your property exceeds 100%, if you move into an aged care, or if you die.

See if Midkey is right for you

Check Eligibility

Property Type

Owner-occupied house

Investment house

Apartments

Apartments/units must be in a complex of no greater than 20, be more than 12 months old, and have a minimum internal floor space of 50sqm.

Eligible Postcodes

Midkey is available in most Australian capital cities.

Check your eligibility

Sufficient Equity

You must have at least 20% usable equity in your owner-occupied house, or 25% for an investment house or apartment.

Usable equity is the portion of your property’s Agreed Initial Value that remains after subtracting any loan amount currently secured against your property.

Type of Home Loan

If you have an existing mortgage, it must be a standard ‘principal plus interest’ home loan.

Australian Citizenship

You are an Australian citizen over the age of 18.

Final Approval

Your application is subject to Midkey’s loan assessment and final approval.

What makes Midkey different

Discover the differences between a private lending loan and a Midkey loan:

Private
Lending

Traditional Home Mortgage

Reverse Mortgage

Bridging
Loans

No monthly payments

Looks at more than just your income

Long/no loan term

Available in addition to an existing mortgage

Welcomes a broad range of borrowers (18+)

Simple* accruing interest

Cheaper loan option

*Click here to learn more about ‘simple vs compounding’ interest.

Availability depends on lender and loan terms.

Trusted by borrowers
across Australia

Hear from Australians who made the Midkey move. Check out our latest Trustpilot reviews.

"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.

Learn more in FAQs

It’s simple. We’re here to help, whenever you’re ready.

Take your time, we’ll be here with helpful tools whenever you’re ready to act.

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Or call us on 1300 643 539. No pressure, just help.

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Unlock Equity
With A Smarter Alternative to Private Lending

Meet Midkey
‍A more flexible solution to private lending