If I take several loans using my house as collateral?

No, absolutely not.

Your estate has to pay, meaning your assets will be used to repay the debts in full. If you have cash in the bank then fine. Otherwise, the house will be sold, as might anything else you owned.

If there is anything left over that will be distributed in the normal way, according to your will or the intestacy rules.

But if the debts are more than the total assets, the remaining debt is written off and NOTHING is passed on to your children or anyone else.

Your children are not liable for YOUR debts but the house goes to the lenders, along with anything else you owned, up to the balance of your debts, before your children get squat.

Yes. The lenders have what is termed a charge on the house in just the same way that a mortgage lender has. Because you are contemplating using the house as collateral. the lenders will want to be sure to be able to get their money back. When they see that there are already charges with other lenders on the house, they will reject your application, especially since you need the permission of existing lenders to get a further loan - and they will not give it.

Your estate will be liable. This means the creditors will force a house sale to pay off the debts. Your children will get any residue. But they will not be liable as such.

Absolutely they are. The administrator of your will has to pay all debts before the will can be finalized.

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