What is the difference between a secured loan and a mortgage?
Secured loans and mortgages are both loans that are secured on your home. In general a mortgage is usually the lowest cost finance available in the market. However a tie-in on your existing mortgage or a change in your personal credit status can mean that a secured loan may be the best way for you to release cash from your property. The secured loan area of our site summarises examples where a second or subsequent charge loan may be better for you. This is a complex area and we recommend that you speak to one of our specialists that will guide you through this decision.
