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Most forms of security taken over and above the basic security (i.e. the property) are strictly called ` Other security '. The most common type is a mortgage indemnity guarantee (MIG). Most lenders use the term `additional security', though the Building Societies Act 1986 differentiates between `additional' and 'other' security.
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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.