All Countries
Research & Development
Private Mortgage Contract

Private Mortgage Contract Template for England and Wales

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Private Mortgage Contract

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

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Private Mortgage Contract

"I need a Private Mortgage Contract for a £450,000 loan secured against a residential property in London, with a 5-year term and monthly repayments at 4.5% interest rate, to be completed by March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Private Mortgage Contract serves as the primary legal instrument for private lending secured against real property in England and Wales. This document is typically used when traditional bank financing is not suitable or desired, such as in rapid property acquisitions, development projects, or specialized lending situations. The contract must comply with the Law of Property Act 1925, Financial Services and Markets Act 2000, and related regulations. It includes comprehensive details about the loan terms, security arrangements, repayment schedules, and enforcement mechanisms, while ensuring adequate protection for all parties involved.
Suggested Sections

1. Parties: Details of the lender and borrower, including full legal names, addresses, and registration details if applicable

2. Background: Context of the mortgage arrangement, including property details and purpose of the loan

3. Definitions: Key terms used throughout the agreement including 'Property', 'Mortgage', 'Interest Rate', 'Term', and other relevant definitions

4. The Loan: Amount, purpose, and basic terms of the mortgage including drawdown conditions

5. Security: Details of the property and legal charge, including the nature and extent of the security

6. Repayment Terms: Payment schedule, interest rates, calculation methods, and payment procedures

7. Borrower's Covenants: Obligations of the borrower including property maintenance, insurance, and other ongoing commitments

8. Default Provisions: Events of default, consequences, and remedies available to the lender

Optional Sections

1. Insurance Requirements: Detailed insurance obligations including types of coverage required, when separate from main covenants

2. Early Repayment: Terms and conditions for early repayment, including any penalties or fees

3. Additional Security: Terms for any additional security or guarantees required beyond the primary property charge

Suggested Schedules

1. Schedule 1 - Property Description: Detailed legal description of the mortgaged property including title number and registered address

2. Schedule 2 - Payment Schedule: Detailed repayment schedule including payment dates, amounts, and interest calculations

3. Schedule 3 - Special Conditions: Any special terms or conditions applicable to this specific mortgage agreement

4. Schedule 4 - Property Insurance Requirements: Detailed specifications for required property insurance coverage and terms

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries
Relevant Teams
Relevant Roles
Industries

Law of Property Act 1925: Fundamental legislation governing property rights, requirements for creation of legal mortgages, and power of sale provisions

Financial Services and Markets Act 2000: Main regulatory framework for financial services and requirements for authorized lenders in England and Wales

Consumer Credit Act 1974: Legislation covering regulated mortgages and consumer protection provisions in lending

Mortgage Credit Directive Order 2015: EU-derived regulations governing conduct requirements for mortgage lending, maintained post-Brexit

FCA Mortgage Conduct of Business Rules: Regulatory rules for FCA-regulated lenders covering fair treatment of borrowers and disclosure requirements

Consumer Rights Act 2015: Legislation covering unfair terms provisions and transparency requirements in consumer contracts

Land Registration Act 2002: Legislation governing registration requirements and priority of mortgages in England and Wales

Money Laundering Regulations 2017: Regulations covering due diligence requirements and identity verification in financial transactions

Human Rights Act 1998: Legislation protecting right to peaceful enjoyment of property and right to private life

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

Mortgage Loan Origination Agreement

A contractual agreement governing mortgage loan origination services between lenders and originators under English and Welsh law.

find out more

Purchase Money Mortgage Agreement

An English law agreement establishing terms for a mortgage loan used to purchase property, including security arrangements and repayment conditions.

find out more

Private Reverse Mortgage Contract

A legal agreement under English and Welsh law enabling older homeowners to borrow against their property's equity while maintaining residence rights.

find out more

Partial Mortgage Release Agreement

An English law agreement that releases part of a mortgaged property while maintaining the mortgage over the remaining portion.

find out more

Mortgage Loan Extension Agreement

An English law agreement modifying an existing mortgage loan by extending its term or altering repayment terms.

find out more

Mortgage Buydown Agreement

An English law agreement establishing terms for temporary mortgage interest rate reduction through upfront funding.

find out more

Mortgage Deferral Agreement

An English law agreement allowing temporary pause or reduction of mortgage payments, modifying existing mortgage terms.

find out more

Holding Mortgage Agreement

A legal agreement under English and Welsh law creating a security interest over property to secure current and future lending facilities.

find out more

Second Mortgage Agreement

An English law agreement creating a secondary charge over a mortgaged property, establishing terms for additional secured borrowing.

find out more

Home Loan Purchase Agreement

An agreement under English and Welsh law for the sale and purchase of residential mortgage loans between financial institutions.

find out more

Family Mortgage Agreement

A legally binding agreement under English and Welsh law governing mortgage arrangements between family members, setting out loan terms and security arrangements.

find out more

Owner Financing Mortgage Contract

A contract under English and Welsh law where the property seller provides direct financing to the buyer, establishing loan terms and security arrangements.

find out more

Mortgage Bond Agreement

A legal document under English and Welsh law creating a security interest in property to secure a mortgage loan.

find out more

Seller Financed Mortgage Contract

An English law agreement where the property seller provides direct financing to the buyer, creating a mortgage charge over the property.

find out more

Mortgage Separation Agreement

A legal agreement under English and Welsh law defining how mortgage obligations and property ownership are handled when co-owners separate.

find out more

Joint Mortgage Agreement

A legal agreement under English and Welsh law establishing terms for multiple individuals to jointly borrow money secured against a property.

find out more

Contract Of Real Estate Mortgage

A legal document creating a security interest in real property under English and Welsh law, securing a loan while allowing the borrower continued use of the property.

find out more

Reverse Mortgage Agreement

An English law agreement enabling older homeowners to borrow against their property's value while continuing to live there, with repayment typically due upon death or moving into care.

find out more

Third Party Mortgage Agreement

An English law agreement where a third party provides their property as security for another's mortgage loan.

find out more

Mortgage Assignment Agreement

An English law agreement transferring mortgage rights and obligations from one party to another.

find out more

Mortgage Lease Agreement

A legal document under English and Welsh law combining mortgage and lease terms for property financing and occupation.

find out more

Private Mortgage Contract

A legally binding agreement under English and Welsh law establishing terms for a loan secured against property.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

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

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.

Draft quality legal agreements or review documents in 3 minutes

Try for free
BlogAbout UsCareersAI Legal Document Generator

Templates

Commercial

B2B Suppliers ContractStandard salesSponsorship ContractIT Outsourcing AgreementCommercial Reservation of Rights LetterLoan Note InstrumentCommercial Contract Templates

Employment

Consultancy AgreementFounder service agreementShareholder Agreement for EmployeesAdvisor agreementEmployee EMI Option PlanStandard Directors Service AgreementEmployment Contract Templates

IP

Trade Mark AssignmentIntellectual Property AssignmentSoftware Service Level AgreementSoftware Pilot Evaluation LicenceSAAS Subscription AgreementIP Rights License IP Agreement Templates

Administration

Cloud Computing PolicyBackup PolicyVirus Protection PolicyEqual Opportunities PolicyEnvironmental PolicyAdministration Legal Templates

Finance

Short-Form Directors Loan AgreementMandate Letter (Best Efforts)Drawdown Request (Borrower to Lender)Buyback AgreementPromissory Note (UK)Letter of Waiver (Loan)Finance Legal Templates

R&D

Consortium AgreementVariation to Consortium AgreementEquipment Loan AgreementCommercial R&D AgreementMaterials transfer agreementR&D Legal Templates

Industries

Legal Services

Limited Power of AttorneyBasic Binding Side LetterLetter of IntentNon Binding Comfort LetterContract For Employing A Salaried Partner Deed of Surrender (Lease)Templates for Lawyers

Manufacturing

Consignment ContractStandard Exclusive Distribution Agreement (UK)Intercompany Services Agreement Standard Directors Service AgreementConditions of Supply Memorandum of Understanding Manufacturing Legal Templates

Construction

Vesting CertificateLetter of Claim (Pre-Action Protocol)Tenancy at WillSection 146 Notice (Remedy Breach of Lease)Notice Of Forfeiture Of Lease By LandlordLease Report (Long Form)Construction Legal Templates

Solutions

Use Cases

Company Types

Comparisons

Business Categories

Teams

Information

© 2024 Genie AI Ltd. All rights reserved