Security Agreement | UK

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 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.

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.