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Hello my name is Alex and I will help you with this. Please note that I am a working Solicitor and may be on and offline as I have to attend Court and meet with clients, even at weekends. As such you may not get an instant response when you reply as this is not an ‘on demand’ live service, but rest assured I will be giving your question my immediate attention upon return. There is no need to wait here, you will get an email when I reply.
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There are certain websites that offer very good templates. I can give you those if that is ok?
But I just need you to know the site limitations
What are those websites?
There is a pay as you go / subscription based service which is excellent for contract templates and other legal documents that you need
They are called: www.simply-docs.co.uk
That is the one I recommend. I think it is only around £35
Does that help?
I have tried this one, that looks free :http://www.legalcomplete.co.uk/
I wanted to ask if there is any specific language needed for the charge on the property
What you can do is get a charge by consent.
You need form RX1
Let me just get the form of words
It is form of words N
just to understand, I need a loan contract and a for RX1? where can I get that form?
No [disposition or specify type of disposition] of the registered estate [(other than a charge)] by the proprietor of the registered estate [, or by the proprietor of any registered charge, not being a charge registered before the entry of this restriction,] is to be registered without a written consent signed by [name and address] and [name and address]
It is Practice Guide 19 from the Land Registry
Can I clarify anything for you about this today please?
the problem is that the company doesn't own the property yest
we need to lend the money to the company to buy the asset
I can only give you the forms to do a charge. The contract side you need a site like www.simply-docs.co.uk
so what you suggest is :
1- have a loan contract between the company and shareholders
2- have a charge on the property once it is bought?
can you help or suggest someone who can help to write both contract and the charge?
The charge I have given you the form and the words you need.
The contract either a legal template website like Simply Docs or a Solicitor.
do you mind please having a quick look at the website I have sent you? and let me know if that's ok?
Its basic but should be ok
is this what you mean by wording? No [disposition or specify type of disposition] of the registered estate [(other than a charge)] by the proprietor of the registered estate [, or by the proprietor of any registered charge, not being a charge registered before the entry of this restriction,] is to be registered without a written consent signed by [name and address] and [name and address]
You just need to add/delete the bits in [ ]
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