Subordination Agreement (long form)

Get an existing creditor to allow a new lender's security to take priority under this short-form Subordination Agreement.

• The secured creditor agrees to subordinate its security interest in a borrower's personal property (inventory, equipment, accounts, book debts) to the new lender's security interest.
• The Agreement is being signed as an inducement for the new lender to provide loan financing or credit facilities to the borrower.
• This is a generic legal form which can be used in many countries.
• Available as a downloadable MS Word document.

This simple short-form Subordination Agreement can be used by lenders anywhere in the United Kingdom.

• The Agreement is between two creditors who have both provided lending or credit facilities to the debtor.
• The second creditor agrees to subordinate its claims against the debtor to the claims of the first creditor.
• The subordination covers the whole amount of the creditor's secured and unsecured claims, and is for an unlimited duration.
• This form is provided in MS Word format. It is customisable and easy to use.
• Intended to be used only in the United Kingdom.

Allow a second mortgage priority over an existing mortgage under this Subordination Agreement template.

• This legal form is governed by United States laws.
• The first mortgagee agrees to subordinate its security interest on the owner's property to a second loan and allow the second loan to take priority until it is paid off.
• The first mortgage will remain as a lien and charge on the property.
• The second lender will notify the mortgagee of any default by the owner in payment on the second loan.

You can download this USA Subordination Agreement immediately after you purchase it.