Document background
The Lender and Borrower Agreement is a fundamental legal document used in England and Wales for documenting loan arrangements between parties. It is essential for both commercial and personal lending, providing clarity on loan terms, protecting both parties' interests, and ensuring regulatory compliance. The agreement typically includes detailed provisions on loan amount, interest calculations, repayment terms, security arrangements, and default scenarios. It's particularly important in the context of UK financial regulations, including the Consumer Credit Act 1974 and Financial Services and Markets Act 2000.
