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Fred Inance's Articles in Unsecured Personal Loan

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  • Secured Or Unsecured Loan?
    What is the difference?

    Secured loans are secured on your property. The lender will register a second charge behind your mortgage lender on the land registry. That way should the loan repayments not be made and repossession takes place the secured lender will have second rights to reclaim their losses from the sale of the property.

    Unsecured loans are otherwise referred to as personal loans and have no direct claim on your property.

    Which one is the best?

    You need...
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