The Bank Of Mum And Dad Loan Agreement Template UK is provided in multiple formats, including PDF, Word, and Google Docs, featuring customizable and printable examples.
Bank Of Mum And Dad Loan Agreement Template UK Editable – PrintableSample
Bank Of Mum And Dad Loan Agreement Template UK 1. Borrower Information 2. Lender Information 3. Loan Details 4. Payment Schedule 5. Purpose of Loan 6. Borrower Responsibilities 7. Lender Responsibilities 8. Default Terms 9. Confidentiality 10. Miscellaneous Provisions 11. Signatures and Agreement 12. Declaration and Signatures
PDF
WORD
Examples
[Name of the Parent]
[Parent’s ID]
[Parent’s Address]
[Parent’s Phone]
[Parent’s Email]
[Name of the Child]
[Child’s ID]
[Child’s Address]
[Child’s Phone]
[Child’s Email]
This agreement outlines the terms and conditions under which the Parent provides a loan to the Child to assist with [purpose of the loan, e.g., purchasing a home, funding education], effective from [Start Date].
The Parent agrees to loan a total of [Loan Amount] to the Child, to be used exclusively for [specific purpose].
The loan is subject to an interest rate of [Interest Rate]% per annum, calculated [specify frequency, e.g., monthly, annually].
The Child agrees to repay the loan in full by [Repayment Date], with installments of [Installment Amount] due on [Repayment Schedule, e.g., monthly or quarterly].
A late payment fee of [Late Fee Amount] will apply if any installment is not received within [Grace Period, e.g., 14 days] of the due date.
In the event of default, the Parent may demand the full repayment of the remaining loan amount immediately upon issuing written notice.
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the Parent]
[Name of the Parent]
[Signature of the Child]
[Name of the Child]
[Name of the Parent]
[Parent’s ID]
[Parent’s Address]
[Parent’s Phone]
[Parent’s Email]
[Name of the Child]
[Child’s ID]
[Child’s Address]
[Child’s Phone]
[Child’s Email]
This agreement establishes the terms of a loan from the Parent to the Child intended for [specific purpose], commencing on [Start Date].
The Parent will provide a principal loan amount of [Loan Amount] to the Child.
The loan will carry an interest rate of [Interest Rate]% per year. Any additional costs or fees must be specified here: [List additional charges].
The Child agrees to repay the loan through a series of payments totaling [Total Repayment Amount], with a payment plan of [Repayment Schedule].
The Child may pay off the outstanding amount early without penalty. However, any delays post-due date will incur a [Late Charge Percentage]% late fee.
The Parent can assign this agreement to another party, with written consent from the Child.
Both parties affirm they have read and understood this agreement, which complies with relevant UK laws.
[Signature of the Parent]
[Name of the Parent]
[Signature of the Child]
[Name of the Child]
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