If you are planning to borrow or loan a sum of money from or to another person or business, it is advisable to formally record the terms of the agreement in an enforceable contract. Here is a free template agreement, in Microsoft Word format, which can be tailored to your specific needs.
Please note that we would always strongly advise you to seek independent, professional legal advice before entering into a binding contract. In particular, if lending is carried on by way of business then it is likely to be caught by the FCA’s regulatory regime.
Our expert solicitors provide guidance as to the meaning and effect of contract clauses, and we are able to draft bespoke agreements for simple and complex arrangements alike, at a competitive fixed fee. We can also prepare the necessary paperwork when the loan needs to be secured against a property.