southgate solicitors

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Send your details to us and we will call you back to take further information about your matter.

Your separation. Our commitment

We're here to help you

Send your details to us and we will call you back to take further information about your matter.

If you are looking for help with loan agreements our specialist solicitors can help you. In addition to office meetings, we offer remote meetings by telephone or video if preferred. To discuss your options call us 24/7 on 0208 004 0065 or email us at hello@southgate.co.uk 

Loan Agreements

At southgate solicitors, we specialise in the preparation of loan agreements for those borrowing money from family and friends to help fund legal fees during family law negotiations and/or proceedings. Such loan agreements, otherwise known as “soft loans”, may be considered by the court when determining financial settlements and hold more weight in court if drafted correctly. 

Ultimately, loans between family and friends for individuals going through family proceedings can stand up in court if they are properly documented, supported by evidence of intent and fairness, and consistent with the borrower’s financial disclosure. However, each case is unique, and the court will consider all relevant factors in determining the loan’s validity and its impact on the financial settlement. 

What we can do

At southgate solicitors, we offer comprehensive assistance tailored to your needs throughout your loan agreement journey. Our team of experienced professionals understand the intricacies of family law and are dedicated to providing you with the expertise and support you need during what can be a daunting and highly emotional time.  We have Resolution members and also hold Law Society Family Law Advanced Panel Accreditation which demonstrates our knowledge, skill and expertise in this area of law. 

If you wish to read more about this area of law we have some frequently asked questions at the end of this page – feel free to scroll down to read more.

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How we work with you

Step 1 how it works southgate solicitors

Contact Us

You can either call us 24/7 on 0208 004 0065, email us at hello@southgate.co.uk or fill out our contact form below.

Step 2 how it works southgate solicitors

Initial Call

Our client services team will discuss details of your case during a no-obligation call to ensure that it is something we can help you with.

Step 3 how it works southgate solicitors

Strategy Meeting

A specialist solicitor will meet with you to go through your matter in detail and advise on a strategy and options.

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What our clients say

FAQs

A soft loan, often referred to as a friendly loan, is a loan provided by family or friends to support individuals during divorce proceedings. Unlike traditional loans, soft loans may have more lenient repayment terms and lower interest rates. 

Yes, soft loans from family and friends are common in divorce proceedings, as they offer financial support to individuals facing legal expenses during this challenging time. They can provide immediate assistance when individuals may not have access to traditional financing options. 

Soft loans can have a significant impact on divorce proceedings, as they may affect the division of assets, financial settlements, and overall financial arrangements between the parties involved. The court may consider these loans when determining each party’s financial position and obligations. 

The court considers various factors when evaluating soft loans from family and friends, including the loan’s terms, documentation, fairness, consistency with financial disclosure, and the relationship dynamics between the parties involved. 

Evidence of a soft loan may include written loan agreements, bank statements showing the transfer of funds, communications discussing the loan arrangement, or testimony from the lender or borrower confirming the loan’s existence and terms. 

The court considers soft loans from family and friends as part of the overall financial picture when determining financial settlements. While they are taken into account, the court evaluates their validity, fairness, and impact on the parties’ financial positions based on the evidence presented. Without such loan agreement in place, the court tends to view soft loans as never to be repaid in the future and so will not always take them into account when deciding a settlement. 

Yes, it’s advisable to seek independent legal advice before obtaining a soft loan. A solicitor can provide guidance on the loan’s implications, documentation requirements, and potential impact on the divorce outcome. 

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We're here to help you

Send your details to us and we will call you back to take further information about your matter, or you can click the number below.

We're here to help you

Send your details to us and we will call you back to take further information about your matter, or you can click the number below.