It’s easy to see why secured loans have become very popular here in the UK.Even in these days of banking difficulties, this form of borrowing is always going to be regarded with favor by the banks. Because of the security offered by the borrower’s equity.You will have possibly seen that First Direct, a prominent UK mortgage lender owned by HSBC, has taken what it calls the "drastic step" of withdrawing from the lending market. The bank said it had been  overwhelmed by the number of applications for mortgages since rival lenders made changes to their lending policies. But First Direct also said it intends to get back into the lending market once it has cleared this backlog of applications.There are around 1.4 million UK borrowers whose loans will come out of term this year. That’s a lot of people. And so lenders will come under a lot of pressure. But you can be assured that applications for secured loans UK will be well received.