A lender who has granted you a loan secured against your property will have the same rights to repossess the property as your mortgage company would have if you aren’t able to keep up with your mortgage payments.

There are two types of secured loans. The first is those regulated by the Financial Services Authority (FSA). With this type of loan you would need to reach an agreement to meet the contractual repayment plus an amount to clear any areas within a reasonable period of time, otherwise it is likely the lender would try and repossess the property.
The second type of loan is one regulated by the Consumer Credit Act 1974 (CCA74), with this type of loan you can ask the courts to make a Time Order under section 129 CCA74 varying the terms of the mortgage and adjusting the contractual repayment. You would need the assistance of a solicitor or experienced money adviser to do this.

This question has been answered by Christians Against Poverty, a leading debt charity offering hope and a solution to anyone in debt.