it is a secured loan is which is against your property so that if you miss or cant afford the repayments they have something they can get their money back on.

Secured loans require collateral. You normally borrow against your home or other property you own.

Secured loans are difficult to get at present with many lenders reducing the LTV to 65-70%?

Secured loan is like a second mortgage. If you default, the lender could take action against you to posses your property !

Mick

A secured loan is a loan taken out against say your property

secured loan is a loan taken against your property, or some valuable possession if you fail to repay the loan the bank has something in his hands to get their money back.