Loan Agreement Between Spouses for the United Kingdom

Loan Agreement Between Spouses Template for England and Wales

A legally binding agreement under England and Wales law that formalizes a loan arrangement between married spouses. The agreement establishes clear terms for the loan, including the amount, repayment schedule, and any applicable interest. It helps distinguish the transaction from a gift and provides legal protection for both parties, particularly important in the event of future divorce or dispute. The document includes provisions for repayment, default, and optionally, security arrangements.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Loan Agreement Between Spouses

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Loan Agreement Between Spouses?

A Loan Agreement Between Spouses is essential when one spouse lends money to another and wishes to create a legally enforceable obligation for repayment. Under England and Wales law, this document is particularly important as there is typically a presumption that financial transfers between spouses are gifts rather than loans. The agreement helps establish clear intention for repayment, includes specific terms about the loan amount, repayment schedule, any applicable interest, and potential security. It's commonly used for property purchases, business investments, or personal financial arrangements, and can be crucial documentation in the event of divorce proceedings or estate planning.

What sections should be included in a Loan Agreement Between Spouses?

1. Parties: Identification of both spouses and their respective addresses

2. Background: Context of the loan and confirmation of marital status

3. Definitions: Key terms used throughout the agreement

4. Loan Amount and Purpose: Specific sum being lent and its intended use

5. Repayment Terms: Schedule, method, and conditions of repayment

6. Interest: Interest rate and calculation method if applicable

7. Execution: Signature blocks and witnessing requirements

What sections are optional to include in a Loan Agreement Between Spouses?

1. Security: Details of any assets provided as security for the loan

2. Early Repayment: Terms and conditions for early loan settlement

3. Default Provisions: Consequences and procedures in case of payment default

4. Death or Divorce Provisions: Specific arrangements for handling the loan in event of death or divorce

What schedules should be included in a Loan Agreement Between Spouses?

1. Repayment Schedule: Detailed schedule of payment dates and amounts

2. Security Details: Comprehensive description of any assets provided as security

3. Evidence of Independent Legal Advice: Certificates or documentation of independent legal advice obtained by parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

England and Wales

Publisher

Genie AI

Document Type

Finance Agreement

Cost

Free to use
Industries

Law of Property Act 1925: Fundamental legislation governing property transactions and contracts relating to property in England and Wales

Contract (Rights of Third Parties) Act 1999: Legislation governing how contracts can affect and benefit third parties who are not direct parties to the contract

Matrimonial Causes Act 1973: Key legislation governing divorce proceedings and financial settlements, relevant if the loan agreement needs to be considered during divorce

Family Law Act 1996: Legislation governing various aspects of family law including property rights between spouses

Married Women's Property Act 1882: Historic but still relevant legislation establishing married women's right to own and control their separate property

Consumer Credit Act 1974: Regulations governing credit agreements, may be relevant depending on the loan's nature and terms

Financial Services and Markets Act 2000: Primary legislation governing financial services regulation in the UK

Money Laundering Regulations 2017: Regulations concerning the prevention of money laundering, relevant for significant financial transactions

Income Tax Act 2007: Legislation governing taxation of income, including potential treatment of loan interest between spouses

Taxation of Chargeable Gains Act 1992: Legislation governing capital gains tax, relevant for any security or collateral aspects of the loan

Inheritance Tax Act 1984: Legislation governing inheritance tax, relevant for understanding future implications of the loan arrangement

Presumption of Advancement: Legal doctrine assuming that transfers between spouses are intended as gifts rather than loans, requiring clear documentation to rebut

Contract Formation Principles: Common law requirements for valid contracts: offer, acceptance, consideration, and intention to create legal relations

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Interest Loan Agreement

A legal agreement under English and Welsh law establishing terms for a loan without interest charges.

find out more

Vehicle Payment Plan Agreement

An England & Wales agreement outlining vehicle purchase payment terms under the Consumer Credit Act 1974.

find out more

Simple Unsecured Loan Agreement

An England & Wales agreement for unsecured personal or business loans, detailing terms and borrower-lender obligations.

find out more

Simple Equipment Lease

An England & Wales contract outlining terms for straightforward equipment rental and associated responsibilities.

find out more

Simple Contract For A Loan

An England & Wales loan agreement outlining terms for private or small business lending without complex security.

find out more

Short Term Loan Agreement

An England & Wales agreement outlining terms for short-term financing under 12 months, ensuring compliance and security.

find out more

Simple Owner Finance Contract

An England & Wales contract offering alternative property financing, detailing loan terms, interest, and legal compliance.

find out more

Separation Financial Agreement

An England & Wales legal document formalizing financial arrangements for separating couples, covering assets and maintenance.

find out more

Seller Financing Real Estate Contract

An England & Wales contract facilitating property sale and financing when traditional mortgages are unsuitable.

find out more

Seller Financing Car Contract

An England & Wales contract outlining seller-financed vehicle sale terms and compliance with financial regulations.

find out more

Real Estate Loan Agreement

An England & Wales legal document outlining terms for property-secured lending transactions.

find out more

Promissory Loan Agreement

An England & Wales legal document outlining loan terms, repayment, and protections for lenders and borrowers.

find out more

Project Finance Contract

An England & Wales contract structuring complex project financing with detailed risk and security provisions.

find out more

Personal Car Loan Agreement

An England & Wales legal document outlining vehicle finance terms between a borrower and lender.

find out more

Personal Auto Loan Agreement

An England & Wales contract detailing vehicle financing terms and borrower obligations for regulated lender transactions.

find out more

Owner Finance Agreement

An England & Wales legal document outlining seller-financed property sale terms and obligations.

find out more

Master Loan Agreement

An England & Wales legal framework for standardized lending relationships, governing multiple loan transactions.

find out more

Loan Payback Agreement

An England & Wales agreement detailing terms for loan repayment, including schedules and default consequences.

find out more

Loan Agreement Between Spouses

An England & Wales legal document establishing a loan agreement between spouses with terms for repayment and interest.

find out more

Installment Loan Agreement

An England & Wales agreement detailing structured loan repayment terms under financial regulations.

find out more

Financing Contract Agreement

A legal document outlining terms and conditions for providing financial support between parties.

find out more

Financial Agreement Between Two Parties

An England & Wales legal document authorizing another party to collect specified items on behalf of the recipient.

find out more

Financed Sales Contract

An England & Wales legal document authorizing internet service disconnection, ensuring compliance with relevant regulations.

find out more

Formal Loan Agreement

An England & Wales legal document authorizing another's use of a credit card under specified conditions.

find out more

Equity Funding Agreement

An England & Wales legal document authorizing contractors for specific tasks, detailing scope, duration, and conditions.

find out more

Equipment Lease Purchase Option

An England & Wales legal document authorizing a third party to collect payment on behalf of the original payee.

find out more

Contract For Personal Loan

An England & Wales legal document authorizing third-party collection of items on behalf of another party.

find out more

Contract For Car Payments

An England & Wales legal document authorizing a representative to collect funds on behalf of another party.

find out more

Car Loan Agreement Between Individuals

An England & Wales legal document delegating company clearance authority for operational or administrative purposes.

find out more

Car Loan Agreement Between Family

An England & Wales legal document delegating authority to a Civil Registrar for registration-related actions.

find out more

Business To Business Loan Agreement

An England & Wales legal document authorizing cheque collection on behalf of the original payee.

find out more

Business Loan Term Sheet

An England & Wales legal document authorizing a representative to encash a check on behalf of the recipient.

find out more

Business Loan Contract

An England & Wales legal document authorizing an individual's formal name change for official record updates.

find out more

Bridge Facility Agreement

An England & Wales legal document authorizing the release of employment details for specific verification purposes.

find out more

Auto Finance Agreement

An England & Wales legal document authorizing financial transactions under specified conditions and limits.

find out more

Loan Agreement Secured By Property

An English law agreement establishing terms for a property-secured loan, including security rights and repayment obligations.

find out more

Private Party Auto Loan Contract

A contract under English and Welsh law governing private party vehicle loans between individuals.

find out more

Revolving Line Of Credit Loan Agreement

An English law agreement establishing a revolving credit facility with flexible draw-down and repayment terms.

find out more

Owner Financing Business Contract

A legal agreement under English and Welsh law where a business seller provides direct financing to the buyer, including terms of sale and payment arrangements.

find out more

Installment Loan Agreement Promissory Note

A legally binding document under English and Welsh law that combines a loan agreement and promissory note, establishing terms for installment-based loan repayment.

find out more
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now