A “Legal Charge” is another term for a mortgage, and means we can enforce rights to a borrower’s property. The Legal Charge is recorded at the Land Registry.
A “Debenture” is a security instrument, which creates a charge over the Borrower’s company assets which we put in place in some of our loans where the Borrower is a company (note: a debenture cannot be granted by an individual).
If in doubt please contact a legal adviser.