How do people get loads of money to be able to do extensions and new kitchens.
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It’s taking out a loan that gives the bank the right to foreclose on your house to repay the loan if you fail to pay. The “re” means that you already have a loan like this, probably the one you used to buy the house, so the second loan only gets paid after the first one if your house is foreclosed. Lmk if you need further explanation of anything!
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