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Mortgage vs secured loan?

bossdog
bossdog Posts: 22 Forumite
My husband has gone on the deeds of his parents house to enable them to take out a small loan/mortgage to pay off some our debts and free up a bit of cash for them (they have no mortgage at the moment). Which should we be looking at, secured loans or mortgages? So fra mortgages seem cheaper and I don't know why. Any advice?! (p.s. which is the quickest route, will a mortgage require a valuation, even though it's only for £25000?).

TIA Bossdog xx
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