# SAMPLE FAMILY LOAN AGREEMENT
Date: 10 June 2029
Parties: Daniel James Hart and Eleanor May Hart
## 1. Parties and purpose
Daniel James Hart of 42 Seabreeze Avenue, York YO10 2LE lends Eleanor May Hart of 18 Harbour View Road, York YO10 2LD £18,000 on 10 June 2029 to fund a deposit for a leasehold flat. This is a private loan, not a gift.
## 2. Money and rights
Daniel will transfer the money to Eleanor's conveyancer's client account after receiving written confirmation of the purchase. Interest is fixed at 3% per year, calculated daily on the outstanding principal and not compounded.
## 3. Duties and operation
Eleanor will pay £300 on the first day of each month from 1 July 2029 and a final balancing payment on 1 June 2034. She may repay early without charge, and payments reduce accrued interest before principal.
## 4. Consent and management
Eleanor must tell Daniel of a change of address, insolvency notice or proposed sale of the flat. She must not grant a charge or dispose of the flat in a way that deliberately defeats repayment.
## 5. Ending and remedies
A missed payment has a 14-day cure period after written notice. Daniel may then demand the overdue amount and reasonable enforcement costs, but must not harass Eleanor or take possession without court authority.
## 6. Legal reservations
The parties have considered affordability, tax and whether regulated credit or security advice is needed. No mortgage or Land Registry charge is created by this agreement, and independent advice remains available.
## 7. Signatures
The parties sign on 10 June 2029. Notices may be hand-delivered, posted or emailed separately to the stated addresses with receipt rules agreed in writing; England and Wales law applies.