Secured Loans
January 23rd, 2008
A secured loan is a second mortgage on your property. Your mortgage company will hold the deeds to your property and will register a “Charge” on your property with the Land Registry. If you take out a secured loan the lender will register a second “charge” with the Land Registry. Remember: Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.