UNITED KINGDOM

Document a loan transaction with this Loan Agreement and Note template for UK lenders.

• The Agreement contains alternative interest clauses, for either a fixed interest rate or for an interest-free loan, depending on the terms you have agreed upon.
• The Note can be paid in whole or in part without interest or penalty, except that any partial payments must be for at least a specified minimum amount.
• The loan becomes immediately due and payable upon any default by the borrower.
• The lender has the right to demand full repayment at any time upon proper written notice.
• Available in MS Word format.
• This agreement is governed by English law and is intended to be used only in the United Kingdom.

If you are loaning money to a person or company in the UK, secure repayment of the loan with this Promissory Note and Guarantee.

• The borrower agrees to repay the loan with interest calculated monthly on the unpaid balance.
• The borrower may prepay the balance at any time without penalty.
• The Note includes a guarantee of payment of the Note by a guarantor.
• Available in MS Word format.
• Intended to be used only in the United Kingdom.

UK lenders, prepare a Security Agreement for a borrower to sign by using this downloadable and 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 within the United Kingdom 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.
• Available in MS Word format.
• Governed by English law and intended to be used only in the United Kingdom.

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.

Transfer a debt obligation from one debtor to another with this Agreement to Assume Debt form for the UK.

• The new debtor agrees to assume the debt from the current debtor and to pay the debt to the creditor on the terms set out in the contract.
• If the new debtor defaults in payment, the creditor will have full rights to bring action jointly and severally against both debtors for payment of the outstanding balance.
• The form is governed by English law and can be used throughout the United Kingdom.

An Agreement to Assume Debt is often used when a business is being sold or taken over. Buy and download the form, customise it to suit your needs.

If a customer owes you money and you are willing to accept payment of a lesser sum in order to settle the debt, you can sign this Agreement to Compromise Debt with the customer.

• The creditor agrees to accept the lesser sum from the debtor as payment in full.
• The agreement is conditioned upon the provision that the sum must be paid within a specified time period.
• If the customer fails to do so, the creditor will have the right to sue the debtor for the full amount of the debt.
• The agreement is governed by English law and can be used throughout the United Kingdom.

If your business extends credit to customers, you should have a copy of the UK Agreement to Compromise Debt. Download yours now.