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Welcome to Just Answer, I am a solicitor in England and Wales and I will be dealing with your case today.
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You do not have to get Loan agreement drawn up by a solicitor.
You can draft the agreement it should contain the terms regarding -
how much you want your sister to repay each month/or on a future event( sale of the property)
Rate of interest for late payment ( if applicable)
You could get an independent witness to sign the agreement too , along with you and your sister.
Once , the agreement is signed, you can transfer them the money. Advisable to transfer the money by bank transfer or cheque as there will be a record of the payment if you transfer it by bank transfer or cheque.
If things go wrong then you can recover the Loan via court proceedings.
I trust this helps.
If you need further assistance, please let me know.
In the meantime, thank you for using Just Answers. Best wishes.