Consent Letter (Lender to Borrower)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💳 Consent letterBusiness activity
Consent to loanA consent letter is a document that gives someone else permission to do something on your behalf. In the context of the law, a consent letter may be used to give someone the authority to act on your behalf in legal matters, such as signing a contract or making a medical decision."
A consent letter (Lender to Borrower) under UK law is a legal template that outlines the terms and conditions under which a lender provides approval or consent to a borrower for a specific action or transaction. This document typically relates to financial matters and is used when a borrower seeks consent from a lender for changes or additions to an existing loan agreement.
The content of this consent letter may vary depending on the specific circumstances, but it generally includes important information such as the names and contact details of both parties, the loan agreement reference or number, and a clear description of the action for which consent is being sought. This could include requests such as modifying repayment terms, extending the loan period, changing collateral, or undertaking additional financial obligations.
The letter should clearly state the lender's consent or refusal, providing reasons for the decision if applicable. It may include conditions or qualifications that must be met before consent is granted. Additionally, the letter should specify any variations to the original loan agreement that will arise as a result of the requested action.
A consent letter (Lender to Borrower) under UK law is a legal document that protects both parties' interests and ensures that any changes to the loan agreement are documented and agreed upon in a formal manner. It provides clarity and transparency, avoiding potential misunderstandings or disputes between the lender and borrower. This template can be customized to suit various lending scenarios and enables lenders to maintain control over their lending arrangements while accommodating necessary amendments requested by borrowers.
The content of this consent letter may vary depending on the specific circumstances, but it generally includes important information such as the names and contact details of both parties, the loan agreement reference or number, and a clear description of the action for which consent is being sought. This could include requests such as modifying repayment terms, extending the loan period, changing collateral, or undertaking additional financial obligations.
The letter should clearly state the lender's consent or refusal, providing reasons for the decision if applicable. It may include conditions or qualifications that must be met before consent is granted. Additionally, the letter should specify any variations to the original loan agreement that will arise as a result of the requested action.
A consent letter (Lender to Borrower) under UK law is a legal document that protects both parties' interests and ensures that any changes to the loan agreement are documented and agreed upon in a formal manner. It provides clarity and transparency, avoiding potential misunderstandings or disputes between the lender and borrower. This template can be customized to suit various lending scenarios and enables lenders to maintain control over their lending arrangements while accommodating necessary amendments requested by borrowers.
How it works
PRODUCT HUNT
#1 Product of the Day
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
See Genie AI in action
Book your personalised demo now
Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue
Similar legal templates
Section 77 Stamp Duty Relief Application Letter
The legal template "Section 77 Stamp Duty Relief Application Letter under UK law" provides a standardized format and guidelines for individuals or entities seeking relief from payment of stamp duty in the United Kingdom. Stamp duty is a tax imposed on certain written documents, such as property transfers or financial transactions, and its relief can be sought under various circumstances. This template is specifically designed for the application process outlined in Section 77 of the relevant legislation. It includes necessary information and instructions for compiling a formal letter to be submitted to the appropriate authorities for consideration and review. The template may cover elements such as the applicant's details, the nature and purpose of the transaction, supporting documentation, and other relevant information required for the relief application. Personalizing and adapting this template to individual circumstances in compliance with UK law can facilitate the effective pursuit of stamp duty relief.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
9
RATINGS
2
DISCUSSIONS
3
Section 247 Notice Of Stopping Up Order
The legal template titled "Section 247 Notice Of Stopping Up Order under UK law" likely pertains to a process regulated by Section 247 of the Town and Country Planning Act 1990 in the United Kingdom. This law addresses the stopping up (closing or blocking) of highways or public rights of way to enable development projects or infrastructure works.
The template could serve as a formal legal notice issued by a local planning authority (such as a local council or government agency) to inform interested parties of their intention to make a "Stopping Up Order" under Section 247. The purpose of this order would be to legally stop up or close a specific highway or public right of way, permitting an upcoming construction project or land development.
The notice could contain vital information such as the name and contact details of the local planning authority, a description and location of the highway or public right of way to be stopped up, the proposed order and its effect, relevant dates, and any procedures for objections or representations from interested parties.
By providing details about the potential stopping up of a roadway or public access point, this legal template plays a crucial role in ensuring transparency and giving affected individuals, such as neighboring landowners, local residents, and other stakeholders, an opportunity to voice their concerns or object to the proposed order.
The template could serve as a formal legal notice issued by a local planning authority (such as a local council or government agency) to inform interested parties of their intention to make a "Stopping Up Order" under Section 247. The purpose of this order would be to legally stop up or close a specific highway or public right of way, permitting an upcoming construction project or land development.
The notice could contain vital information such as the name and contact details of the local planning authority, a description and location of the highway or public right of way to be stopped up, the proposed order and its effect, relevant dates, and any procedures for objections or representations from interested parties.
By providing details about the potential stopping up of a roadway or public access point, this legal template plays a crucial role in ensuring transparency and giving affected individuals, such as neighboring landowners, local residents, and other stakeholders, an opportunity to voice their concerns or object to the proposed order.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
4
RATINGS
2
DISCUSSIONS
1
Section 479 Subsidiary Company Audit Exemption
This legal template could be a document that provides guidance and instructions on the audit exemption criteria for subsidiary companies under UK law. It may outline the specific provisions and requirements mandated by Section 479 of the UK Companies Act, which allow qualifying subsidiaries to be exempt from the statutory auditing obligations.
The template may further explain the eligibility criteria that a subsidiary company must meet to avail themselves of the audit exemption, such as requirements related to size, shareholding, and group structures. It might also provide instructions on the filing and reporting obligations that the subsidiary company would still need to fulfill despite the exemption.
Additionally, the template may outline the consequences and potential penalties for non-compliance with the applicable regulations, emphasizing the importance of maintaining accurate financial records and ensuring compliance with any disclosure requirements.
Overall, this legal template would serve as a comprehensive guide for subsidiary companies operating in the UK, offering guidance on the audit exemption provision to facilitate compliance with the law and streamline their financial reporting processes.
The template may further explain the eligibility criteria that a subsidiary company must meet to avail themselves of the audit exemption, such as requirements related to size, shareholding, and group structures. It might also provide instructions on the filing and reporting obligations that the subsidiary company would still need to fulfill despite the exemption.
Additionally, the template may outline the consequences and potential penalties for non-compliance with the applicable regulations, emphasizing the importance of maintaining accurate financial records and ensuring compliance with any disclosure requirements.
Overall, this legal template would serve as a comprehensive guide for subsidiary companies operating in the UK, offering guidance on the audit exemption provision to facilitate compliance with the law and streamline their financial reporting processes.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
2
RATINGS
1
DISCUSSIONS
1
