This is a sponsored review for 1 Mortgages UK. They can help you find Mortgages and secured loans.
What is a secured loan?
A secured loan is a loan secured on property, in the form of a second charge this means it is only secured on part of your property and failure to pay will not result in your home being reposed (although it is always a good idea to pay any money you borrow).
When Might you consider Secured Loans
You would want to consider a secured loan when you had a lot of debt outstanding credit cards and other Loans that where becoming a struggle or costing a lot in interest.