Unsecured Mortgage

I read the contract and it is said that the mortgage is secured against foreign goods (but is not guaranteed). Does this mean that the mortgage company has no right to my property in the United Kingdom?

This will be one of those "Yes, but" responses.

In giving a reference to foreign ownership, it refers to the purpose of the loan. The fact that it is unsecured means it does not work the same way as a mortgage on a property in the United Kingdom. In other words, in case of default, they are not necessarily the possession or sale of property abroad - but this depends largely on the country where the goods are and what local laws are .

The fact that you have a property in the United Kingdom does not mean that if you are in default with respect to foreign ownership, you may be liable in contract to the United Kingdom. At that time, all assets of the United Kingdom may be attacked. In turn, this means that the load order (works as a mortgage) may be applied against property of the United Kingdom, then a request to sell property of the United Kingdom. The loading order would, however, rank behind existing mortgages in the hierarchy to obtain the proceeds of the sale.