A Charge is a legal agreement that gives a lender a right to an asset that you own, such as your home. So, for example, if you have a mortgage then your lender has a Charge on your home until you have repaid the mortgage in full. If you take out secured finance where you use your home as a guarantee then this lender will also have a Charge on your property and can use this to get their money back if you default on your agreement.