UK Security Agreement

UK lenders, prepare a Security Agreement for a borrower to sign with this easy-to-use template.

• The borrower grants the lender a security interest in all of the borrower's present and after-acquired property to secure repayment of a loan, operating line, or other credit facilities advanced by the lender to the borrower.
• The collateral is to be kept at the borrower's address and not moved or relocated without the lender's consent.
• The borrower must keep the collateral insured, and the lender is to be a named beneficiary on the insurance policy.
• The agreement is in default if there is any material decrease in the value of the security or an adverse change in the borrower's financial situation.

This United Kingdom Security Agreement template is provided in MS Word format, and is fully editable to meet your particular needs.