Re: Secured loans
One important thing about a secured loan - they are only available to homeowners who already have a mortgage. You borrow against the equity in your home - that is, the difference between the value of the house, and the balance of your mortgage.
In other words, say your house is worth £120,000 and your mortgage balance is currently £100,000. This means that the equity you have in your home is £20,000. You can borrow a secured loan against this £20,000.
If you don't have a mortgage (but you are a homeowner) you'll need to either get a small mortgage, or get an unsecured loan.