We cannot accept expired photo ID
Scan to us a copy, NOT the original, of your passport or a UK photo driving licence. Scan can be scanned by printer or a photo from your phone. You will need to have the original with you during your video meeting.
We require two separate forms of proof of address, they can be any of the following:
  • Scan of Mastercard, American Express or Visa card supported by an account statement less than 3 months old;
  • Utility bill less than three months old;
  • Council tax bill in your name for the current year;
  • Council rent book showing the rent paid for the last three months;
  • Mortgage statement for the mortgage accounting year just ended;
  • Current firearm or shotgun certificate.



    1
    Click on the Zoom link emailed to you no later than 5 minutes before your meeting.
    2
    In the pop up window click on Open Zoom Meetings. There is no need to download Zoom.
    3
    Click Test Your Audio. Check your speaker, microphone and camera settings are all working.
    4
    You will wait in a virtual lobby and see Please wait for the host to start this meeting. There is no need to chase us. We will see you waiting and message you if there is a delay to the start.
    5
    You are invited into the meeting - make sure you have your photo ID (passport or driving licence) to hand as you will need it to pass ID checks.
Watch this video from Zoom to see how it works.
We do not currently offer meetings via WhatsApp.
We do not offer IT technical support and it is your responsibility to ensure you have a working speaker, microphone, camera and adequate WIFI. Should your equipment not work and cause the solicitor to feel they cannot provide the service to you then the meeting will be stopped and you will need to book another meeting at a cost of £120 INC VAT.
If you fail to attend your meeting at the allotted time you can rebook for for an additional fee of £120 INC VAT.


If you require a deed to reflect beneficial interest in a property, look at our Basic Deed of Trust.
Please be aware that all applications to Her Majesty's Land Registry, to apply or remove restrictions, are severely delayed.

We are currently seeing applications processed by Land Reg which we submitted in February. Applications submitted in April 2021 were recently given an estimated completion date of October 2021.

If your transaction is being delayed by your application, we are able to apply for an expedited service from Land Registry. This application may not be processed for an extended period and this is the extent of our power to hasten your application.

We understand that this is frustrating, please know that we are doing all we can to speed up your process, however, Land Registry processing time is out of our hands. Please allow up to 6 months if you are applying or removing a restriction.
It means an interest in the economic benefit of property - the benefit is the right to live in the property and right of income from it such as rent or capital gain. Equitable interest has the same meaning as beneficial interest, beneficial ownership.
The ownership of land/property in England and Wales is dealt with in the following two ways:

    1
    the legal ownership (which isn't a percentage, it is the names of the parties registered on the legal title at the Land Registry); and
    2
    the economic benefit, which is also commonly referred to as the beneficial ownership/interest (this is a percentage - either a fixed share or a floating share).

The legal ownership is separate from the beneficial ownership and the legal owner or owners are not always the same as the beneficial owner/s. The legal owner is said to hold the beneficial interest in the property on trust for the beneficial owner. The beneficial owner of the land will have a right to the income from the property or a share in it, and a right to the proceeds of sale of the property or part of the proceeds. A beneficial interest in property is an equitable interest.

Legal ownership can be transferred by a transfer of equity or a sale of the property, however the beneficial interest can be transferred via a deed such as a deed of assignment, deed of gift, deed of trust, declaration of no interest.
You cannot sever a tenancy on a property that isn't registered at the Land Registry. The legal owners need to first register the property at the Land Registry and then sever the joint tenancy.
A deed can only be dated as at the date it is signed and witnessed so it cannot be back dated.
A deed of assignment is a formal legal document that once executed and dated remains enforceable until it is varied using a deed of variation, surrendered using a deed of surrender or the property is sold. If you wish to make a change to the deed then it is more common to surrender the whole deed and then draft a new deed.
Form 17 is a self-assessment tax declaration used by married couples who are joint legal owners to confirm to HMRC that they own a beneficial interest in property/income that isn't equal. Where there is no such declaration there is an assumption the share is equal. You cannot file a Form 17 until you have executed your deed. The process is as follows:

    1
    (if applicable) Sever joint tenancy at Land Registry
    2
    Sign, witness and date deed
    4
    (once confirmed by HMRC) Share income (such as rent) in the new percentage split

Unmarried couples or married couples with only one party on the legal title do not need to file a Form 17. You should speak to a tax specialist to answer any tax questions you may have.
A deed of assignment is used to assign just the beneficial interest in land/property from one party to another. A deed of trust can also be used to do this, however it also includes other clauses such as how to sell the property. For most married couples who simply want to assign their beneficial interest in an investment property a deed of assignment suits their needs. If you would prefer a deed of trust we can help and can quote you for this.

We can't answer any tax question however we can introduce you to an accountant to answer any tax question you may have relating to inheritance, capital gains or stamp duty land tax. They charge £200 INC VAT for a consultation and they write a report about what was discussed. The meeting lasts 15 minutes and you get a typed up report of the tax advice covering this property alone. If you have multiple properties then it would be beneficial to get your portfolio reviewed as a whole. Questions that are covered in the 15 minute call include:

  • Is there any stamp duty on a transfer from husband to wife?
  • Is there any capital gains tax when gifting beneficial interest in property?
  • Is there any inheritance tax payable?
  • Transferring a property into company, is there any stamp duty / capital gains tax payable?
  • Transferring a property to a spouse, is there any stamp duty / capital gains tax payable?
Where there is transfer of an interest in land then Stamp Duty Land Tax (SDLT) will be payable by reference to any chargeable consideration given for it. Chargeable consideration is defined in the Finance Act 2003, Schedule 4, Stamp duty land tax: chargeable consideration and confirmed by HMRC with examples here https://www.gov.uk/hmrc-internal-manuals/stamp-duty-land-tax-manual/sdltm04040. Consideration can be cash changing hands or the taking on of a debt (such as a mortgage or personal loan). To work out the total consideration you add the cash/money being paid for the assignment and the new owner’s share of the existing mortgage/loan debt. If the total consideration exceeds the stamp duty threshold, then stamp duty is payable at the prevailing rate.

You are responsible for declaring and paying any tax to HMRC in relation to this deed and you can file your own paper return - see details here How to send paper returns to HMRC. You can speak to HMRC on 0300 200 3510 (opening times: 8.30am to 5pm, Monday to Friday).
The deed itself isn't stored at the Land Registry for future download. What is meant by registering the deed is an application to apply a restriction over the legal title to protect the interest of the beneficial owners and inform a solicitor in the future there is a deed that requires review before making any changes to the legal title. We can apply a restriction over the legal title at the Land Registry however this is not mandatory. Our costs for doing this work are:

  • £260 INC VAT for a Form A Restriction
  • £260 INC VAT for a Form B Restriction
  • £299 INC VAT for a Form A and B Restriction
The deed is still enforceable if you change your home/correspondence address. It is advisable to inform all parties to the deed of your current home address each time you move.
You cannot assign debt so as to remove your liability to pay the debt. For example, if John is the sole legal and beneficial owner of a property and his name is solely on the mortgage, even if he were to state in a deed that he assigns the debt to his wife Jane, John will always be solely liable for repayment of the mortgage.

Our standard deed of assignment doesn't assign debt.
As long as the transfer of the beneficial interest is an outright gift of that element of the property (i.e. it doesn’t need to be an outright gift of the whole property, just the transferred part) then Settlement Legislation may not apply.

You should speak to a tax specialist to advise you on the tax implications on your transfer based on your circumstances.
The rental agreement is drafted in the name/s of the legal owners registered at the Land Registry not the beneficiaries. The legal owners hold the property on trust and manage it on behalf of the beneficial owners.
You need separate witnesses for each party's signature. The witnesses cannot be:
  1. Relatives; or
  2. Anyone a party to the deed
 
Your signature can be witnessed by:
  1. Friend, neighbour or work colleague who is not a party to the deed
  2. Doctor, solicitor or any other professional who is not a party to the deed
Joint tenants means that each legal owner is deemed to own an equal share in the property so any net proceeds on sale are shared equally. When one owner dies the property is automatically transferred to the other joint tenant in equal shares and no one can sell their share without the others’ permission. The legal rights of the surviving parties to a joint tenancy override a will even if the will explicitly leaves the deceased’s share to someone else. Married couples often choose to buy as joint tenants (it is the default position in tax law) so that if either party dies the property still belongs to the surviving party 100% without needing to go through probate.

You cannot have a declaration of trust to state an unequal share of the title as joint tenants because the property trust deed can only be held 100% equally between joint tenants. To own a separate or unequal share you must sever the joint tenancy and own the property as tenants in common. We offer declaration of trust for tenants in common and for joint tenants.
When you pay you mortgage admin fee (sometimes called product fee) up front then the cost of this part of your costs of purchasing the property just like stamp duty and conveyancing solicitors fees.

If you choose to add the mortgage admin fee to your mortgage loan, then this is part of your total mortgage debt. As at day 1 you owe back to the bank the total of the mortgage admin fee and the mortgage loan.

For example, if the purchase price is £200,000, your deposit is £20,000 and the mortgage £180,000. If the mortgage admin fee is £999 and you choose to add this on top of the mortgage then your equity is £19,001 and the total mortgage debt is £180,999.
You need separate witnesses for each party's signature. The witnesses cannot be:
    1
    Relatives; or
    2
    Anyone a party to the deed

Your signature can be witnessed by:
    1
    Friend, neighbour or work colleague who is not a party to the deed
    2
    Doctor, solicitor or any other professional who is not a party to the deed


If you're making a director's guarantee, getting an indirect mortgage or a proprietor non-borrower mortgage, you must have independent legal advice on the legal advice on the mortgage offer and terms related to the property being purchased or refinanced.

In some cases there'll also be a Third Party Charge registered over your own residential home and you will need separate independent legal advice on this. We charge an additional fee for the supplemental legal advice for a Third Party Charge on your own home
You must be in the room alone, so that the solicitor can ensure that no third party is able to influence your decision. If you are not able to fully comprehend the advice given in English, we suggest that you instruct a dual language solicitor instead.
Our advice certificates do not expire.

If your Lender has requested a more recent advice certificate, even if your circumstances have not changed, then this must mean that your mortgage offer has been reissued with a more recent date.

Even if the terms of the mortgage offer have not changed, we cannot amend the date of your advice certificate as this advice was valid for the expired mortage offer. We would need to provide advice on the re-issued mortgage offer and provide a new certificate dated for the new advice.

We understand that this may be frustrating. If neither your circumstances, nor the terms of the offer have changed. We are able to offer you a new appointment and certificate for the reduced cost of £180. This cost includes the solicitors review of the reissued offer, to confirm that the terms have not changed.
Barclays does not require your solicitor to witness your signature on your mortage deed. It can be witnessed by a third party.
A personal director guarantee means that if the company is unable to repay the mortgage, upon demand by the mortgage lender, then, the personal assets of the director may be called upon by the mortgage lender.

Here are a list of some of the risks that may be included within the terms of your mortgage offer:

  • No expiration of the director guarantee . If you are no longer a director of the company then you still prove the mortgage lender a personal guarantee.
  • Call upon the repayment on demand. You may not be in breach of any mortgage terms and the mortgage lender may call upon the company to settle the mortgage debt 'on demand' within 14 days.
  • No limit. A director guarantee is not limited to just the mortgage debt and could require the director to pay off other debts/overdrafts with the mortgage lender.
If we have given advice on the correct amount, and the deed with the incorrect amount has not yet been executed (dated) then the deed can be updated to the correct amount before it is executed, with written confirmation from your solicitor.

However, if the advice was given based on an incorrect loan value, given on the original guarantee deed, or the deed has already been executed, it can only be varied by executing another deed. You will need a deed of variation, signed and witnessed by the clients.
There is no requirement for a solicitor to witness a signature upon the Mortgage Deed. This can be signed in the presence of an independent third party (a person over the age of 18 years old who is not related to any person named in the transaction).
Your conveyancing solicitor cannot provide the independent legal advice. The mortgage lender requires the legal advice to be provided by an independent solicitor who is not a party to the transaction or a party to the mortgage.
The independent solicitor can provide the legal advice to two borrowers, such as a mum and dad, but the advice must be provided in a separate meeting.
We have acted for:
  • Barclays Bank UK Plc
  • Metro Bank Plc
  • Furness Building Society
  • HSBC Bank Plc
  • Halifax Bank Plc
  • National Westminster Bank Plc (Natwest)
  • Nationwide Building Society
  • Nottingham Building Society
  • Skipton Building Society

Please get in contact to confirm whether we can act for your mortgage lender by calling 0207 183 4547 or email us now on thelegalteam@parachutelaw.co.uk.
The purpose of independent legal advice is to make sure that you understand the risks and implications of what you are agreeing to and that the decision to sign is yours and yours alone. The adviser must be able confidently to confirm that you are not being coerced into signing the documents.

If you are not on your own during the meeting then the solicitor will stop the meeting and you will need to rebook at a time where you are alone at a cost of £120 INC VAT. We will not refund any fee to you if you don't rebook.


You must be in the room alone, so that the solicitor can ensure that no third party is able to influence your decision. If you are not able to fully comprehend the advice given in English, we suggest that you instruct a dual language solicitor instead.
What is the catch? Here are a list of some of the risks that may be included within the terms:

  • You will receive far less than market value. Of course this is weighed against the savings of having to find somewhere else to live, if you were to simply sell.
  • You might end up owing far more than you borrowed. Even if you only take an equity release on a part of your property, you could end up owing the full value of the property, leaving no inheritance for your next of kin.
  • Having lots of money in your account may reduce the benefits you are entitled to, including help with the cost of care.. Equity in your home will not be factored into means testing, but once it has been released as cash, it will.
Your provider will set the interest rate. For a lifetime mortgage this must be fixed rate or, if variable, it must be capped. The longer you live, the more compound interest will build up. At around 5 per cent interest, the amount you owe would double every 15 years.
This depends on your situation. You will need to speak to a financial advisor and seriously consider ow badly you need to release the funds and how important it is for you to leave an inheritance after you die.

There are also some options which could be less expensive. For example: You can get several smaller lifetime mortgages, so that you're not adding compound interest on the full amount for the full time.


You must be in the room alone, so that the solicitor can ensure that no third party is able to influence your decision. If you are not able to fully comprehend the advice given in English, we suggest that you instruct a dual language solicitor instead.
The solicitor runs through the occupier waiver form (also known as a deed of consent form or occupier consent form), that you are signing and explains each of the parts of it to you. Here are examples of what a mortgage lender asks your solicitor to give you advice on:

  • The Lender requires the Borrowers to give them a Legal Charge over the Property. You agree to this.
  • You may have or may gain in the future, rights to a share in the Property or rights to occupy it. If you do, you agree that these rights will be postponed and the Lenders rights, interests and remedies under the Legal Charge will take priority.
  • You may have or may gain in the future, rights to a share in the Property or rights to occupy it, if you are the husband, wife or civil partner of the Borrowers under the Family Law Act 1996 (or similar law). If you do, you agree that these rights will be postponed and the Lenders rights, interests and remedies under the Legal Charge will take priority.
  • lf the Lender gives the Loan to the Borrowers, you agree you will not try to claim or enforce any rights you may have against the Lender. These could include rights, interests or claims in equity, including an overriding interest.
  • You agree that if the Lender exercises their rights under the Legal Charge, you will give up possession of the Property by moving out.
  • You agree that the benefit of the Deed of Consent can be transferred to a 3rd party, if the Lender also transfers the Legal Charge to them.
  • The Lender may give time, forbearance, waiver or come to some other arrangement with the Borrowers or a 3rd party in relation to the Loan or Legal Charge. You agree that if they do, it will not affect the arrangement in this Deed of Consent.

Each mortgage lender has their own version of the occupier waiver to sign, so speak to your mortgage lender to find out what they require your solicitor to give advice on.
It can be intimidating for the occupier to speak to a solicitor however the solicitor has an obligation to them to ensure the occupier is fully aware of what they are waiving when signing the occupier waiver form.

Our solicitor must communicate directly with the occupier signing the waiver and not with any other party. If the occupier has legal capacity to sign the occupier waiver then they don't need to have anyone with them during the meeting. If they don't have legal capacity then they can’t agree to an occupier waiver.

A third party can help by setting up the room ready for the Zoom meeting, but they can’t answer for them, communicate with us, be on the call with the occupier or sign the occupier waiver advisory letter for them.
The purpose of independent legal advice is to make sure that you understand the risks and implications of what you are agreeing to and that the decision to sign is yours and yours alone. The adviser must be able confidently to confirm that you are not being coerced into signing the documents.

If you are not on your own during the meeting then the solicitor will stop the meeting and you will need to rebook at a time where you are alone at a cost of £120 INC VAT. We will not refund any fee to you if you don't rebook.


You must be in the room alone, so that the solicitor can ensure that no third party is able to influence your decision. If you are not able to fully comprehend the advice given in English, we suggest that you instruct a dual language solicitor instead.
  • Legal advice for the person who is coming off the title of the Property (and mortgage)
  • Or;
  • Legal advice for a person going onto a mortgage with another person, including the risks of the mortgage.
  • And;
  • Verifying the client's ID

The service does not include:
  • Tax advice including SDLT
  • SDLT returns
  • Financial advice
  • Handling any monies relating to the transaction
  • Transferring any interest in property
  • Updating the Land Registry

We can introduce you to one of our trusted accountants if you would like tax or financial advice.
The transfer of equity solicitor can provide the legal advice to more than one legal owner, such as a mum and dad, but the advice must be provided in a separate meeting for each party.
Your solicitor cannot witness your signature remotely, as remote witnessing leaves the transfer of the Property open to legal challenge and Parachute would then be liable to the value of the Property.

However, there is no requirement for equity solicitors to witness a signature upon the TR1. This can be signed in the presence of an independent third party (a person over the age of 18 years old who is not related to any person named in the transaction).
The Transfer of Equity Solicitor acting for the parties who are going to be the new/remaining legal owners will handle updating the Land Registry. Our equity solicitors provide independent transfer of equity advice to the party being removed to ensure they are fully aware of what they are agreeing to.
The transfer of equity timescales are quicker than when the parties originally purchased the property.

For a Gifted Transfer of Equity (no consideration and no mortgage), this is the process:

    1
    New or remaining owner/s provides ID and signed documents to their solicitor.
    2
    Current owner gets independent legal advice from their separate solicitor - this can only take place once the current owners have instructed their solicitor, provided ID and the new owner's solicitor issues the TR1. This part can stake some time so make sure the current owners move quickly.
    3
    Current owner gets an ID1 (per legal owner)
    4
    Once New owner's solicitor has signed transfer, ID1 and confirmation of legal advice completion takes place
    5
    New owners are registered at the Land Registry

The Transfer of Equity Timescales and Process can be delayed if there is:

  • consideration (money or debt changing hands)
  • a mortgage/loan to redeem
  • a leasehold/share of freehold
  • a restriction requiring addressing before the title can be changed
The purpose of independent legal advice is to make sure that you understand the risks and implications of what you are agreeing to and that the decision to sign is yours and yours alone. The adviser must be able confidently to confirm that you are not being coerced into signing the documents.

If you are not on your own during the meeting then the solicitor will stop the meeting and you will need to rebook at a time where you are alone at a cost of £120 INC VAT. We will not refund any fee to you if you don't rebook.


You need to sign a declaration of solvency in the presence of a solicitor who counter signs your signature. The solicitor doesn't check your financial position, they only witness your signature.
ID1 certificates only last three months. HM Land Registry will not accept an ID1 with a photo that is more than 3 months old.
Please be aware that all applications to Her Majesty's Land Registry, to apply or remove restrictions, are severely delayed.

We are currently seeing applications processed by Land Reg which we submitted in February. Applications submitted in April 2021 were recently given an estimated completion date of October 2021.

If your transaction is being delayed by your application, we are able to apply for an expedited service from Land Registry. This application may not be processed for an extended period and this is the extent of our power to hasten your application.

We understand that this is frustrating, please know that we are doing all we can to speed up your process, however, Land Registry processing time is out of our hands. Please allow up to 6 months if you are applying or removing a restriction.
Some solicitors offer to apply the Form LL anti-fraud restriction when they handle your purchase - you may have ticked a box on their instruction forms to confirm you wanted this. Whilst at the time you may not have realised it, the reason you ticked that box is the reason you need to see a solicitor to verify your ID now.
Any changes to the legal title, such as a sale, transfer of equity or remortgage, can take place without a solicitor verifying the ID of the legal owners.
The anti-fraud restriction can be removed by making an application to the Land Registry. You'll first need your ID to be verified in accordance with the restriction and then you can apply to have the restriction removed. We charge a fixed fee of £150 INC VAT for the removal of the Form LL restriction.
To comply with the restriction, all of the existing legal owners are required to be verified. If you have only paid for one person then we will charge an additional fee of £50 INC VAT for each additional party named on the legal title, however they must be present during the same meeting time (on the same call or added as an additional party to the call). If the other parties can't attend then rearrange for a time that you all can be on the same call, or else we charge £100 INC VAT per person for your own individual call.
 
The Certificate of Compliance cannot be issued until all legal owners have had their ID verified.
An ID1 form is the document used by solicitors and government bodies like the Land Registry, to prove the identity of individuals. It is most often used during property transactions to protect against identity fraud.

The form requires specific information about you, your historic addresses, and the transaction that the ID1 is needed for. It will also ask you to provide very specific types of documents which are permitted to be used as proof of ID.

Examples of when an ID1 form might be needed include:

  • Transfer of Equity (TR1)
  • Coming off a mortgage
  • Discharge of mortgage
  • Registering a mortgage
  • The purchase or sale of land and property
  • The transfer, surrender or grant of a lease
  • Registering a new, or previously unregistered property

Before your ID1 will be accepted by the Land Registry for example, it will need to be verified by a solicitor who will also need to check the documents and briefly meet you to verify you are who you say you are.

To complete your ID1 form, please fill in the details requested below as accurately as possible. You will also need to upload the documentary proof of your ID to the form which you can do by taking a clear screenshot or photograph of the document on your phone, or uploading a copy from your device in the normal way.

If you are using the FREE ID1 service, we will then send you the ID1 filled out with your details ready for verification either by us, or another a firm of your choice. There will be a fee payable for verification.

If you have instructed and paid Parachute Law to verify your ID then once we have all of the details from you and have checked your documents, we will arrange a quick video-call between you and one of our solicitors to check you are the person to whom the ID documents relate and to take a screenshot of you for our records.

The cost of an online ID1 and ID5 Form is a fixed fee of £120 INC VAT for this service. Please call us on 0207 183 4547 to arrange payment.
An ID1 is for an individual person. An ID2 is for a person representing a company.
Yes we can using the new ID5 procedure from the Land Registry. The process is:

    1
    You complete section A of the attached form and send to us. There is no need to send us original documents or a passport sized photo.
    2
    Scan to us a copy, NOT the original, of your passport or a UK photo driving licence. Scan can be scanned by printer or a photo from your phone.
    3
    A Zoom call is arranged with our solicitor Claudine Boast.
    4
    Completed ID1 and ID5 form are posted to you

Our ID1 and ID5 service uses the new Land Registry process for witnessing ID via video conference. Read more here - Land Registry - Section 8.1 - Evidence as to identity in form ID1.

If you are seeing your solicitor face to face then you will need to bring with you a passport sized photo. If you don't have one we can print one for you at a cost of £10 INC VAT.

If you are seeing your solicitor using Zoom then you do not need a passport sized photo because the solicitor will complete an ID5 to confirm the ID1 was verified via video conference.

"Where a conveyancer verifies a person’s identity by way of a video call for the purpose of completing a form ID1 or ID2 they must also complete new form ID5. They must also take and retain a screenshot in colour of the person whose identity they are verifying and provide a copy of it along with the form ID5."

"The screenshot can be taken by either person. It must be in colour and show the faces of both people looking straight at the camera and each face must be sufficiently clear to enable a comparison with the photograph on the copy of the personal details page of the passports.

"Where verification is by a conveyancer the screenshot should only be of the person whose identity is being verified."
Yes we can using the new ID5 procedure from the Land Registry. The process is explained below
We have simplified the process for you as follows:

    1
    You complete section A of the attached ID2 form and send to us. There is no need to send us original documents or a passport sized photo.
    2
    You upload a copy of your passport (any country); or UK photo driving licence; or Biometric residence permit to the online form. This can be scanned by printer or a photo from a phone as long as in colour and a clear copy.
    3
    In addition to the above, we also require an ‘Authority to Represent’ to be uploaded to the online form.
    4
    After you submit the form you will be prompted to arrange payment via PayPal (if you have paid in advance, you can enter your password instead). Once payment has been received, a link to our online calendar will be shown, allowing you to book a Zoom appointment with one of our solicitors. A screenshot will be taken to confirm that the meeting has taken place.
    5
    The completed ID2 and ID5 forms are posted back to you to be signed, dated and provided to the conveyancing solicitor, Land Registry or other party as required on the same day as the Zoom meeting.

Our ID2 and ID5 service uses the new Land Registry process for witnessing ID via video conference. Read more here - Land Registry - Section 8.1 - Evidence as to identity in form ID1.


A loan contract is often registered over an asset like an house as security to ensure the loan is settled upon the sale, however not all loans are registered over property. Some relationships, such as family, choose a higher risk but more informal approach to the loan and don't register it.

We can help register the agreement for an additional charge of £260 INC VAT. The process is as follows:

    1
    (if you have a mortgage) You need to obtain lender consent to the second charge being registered at the property. There is no point paying to register the loan if the lender won't allow a second charge. Your mortgage broker can help chase this.
    2
    Loan contract is signed by borrower and lender and the original signed document is sent to Parachute Law in the post by recorded delivery.
    3
    (if you have a mortgage) We contact your lender and obtain written consent to register a second charge. This can take upward of 10 working days to obtain consent from the lender.
    4
    Land Registry forms are completed and submitted.
The loan is still repayable so the lenders can use the agreement to enforce repayment of the loan through the courts. The end result being that if the loan is never repaid that the lender could file for bankruptcy proceedings against the borrower.

It is however safer for all parties to register the loan contract over the property regardless of the relationship to avoid any dispute in the future or failure to pay.
The loan contract is drafted for both the borrower and the lender, however we will only act for one side; either the borrower or the lender.

We will verify the ID for whomever our client is, either the borrower or lender, and the other party should instruct a solicitor to act for them to provide independent legal advice regarding the terms of the agreement.
We do not operate a client account so do not receive the loan from you. We are only instructed to draft the agreement in accordance with your intentions and, if instructed to do so, register the agreement against the property.

We do not offer the service to verify the source of the funds for a loan nor can we receive the loan to send onto a conveyancer.

In cases where there is a conveyancer acting for a buyer then they will receive the loan either direct from you or from the borrower to their client account. The conveyancer should satisfy their own money laundering enquiries for the source of the money they are receiving. This should not be deferred to a third party solicitor.

The conveyancer should obtain satisfactory proof of the source of the loan directly from the lender.
The lender and the borrower both sign the loan contract. After this the lender sends the borrower the loan funds, either directly to them or to their conveyancer.

The agreement only requires a witness signature if the lender isn't charging any interest. If there is interest being paid, or any other consideration on top of the loan amount then the agreement does not need a witness signature.
While it can be awkward to ask a friend to sign a formal loan contract, it may be worth the discomfort to protect the friendship from any bitterness in the future.

It can be hard to get your money back without a legal agreement. Or, if you are the borrower, you might find that your friend suddenly demands their money back much earlier than the agreed repayment date.


Parachute Law does not currently offer a will writing service. However, we can remote witness your will via video conference.

If you are looking for a will writing service, we can refer you to our trusted colleagues at another firm.

At present, our policy is is not to allow visitors into the office without a recent negative Covid test.

We could have someone come out of the office and witness your signature outside. However, it may just be easier if you go to your local post office or a convenience store and ask the person behind the desk to witness your signature(s).

Talk to a solicitor

If you can't find the answer to your question here, get in contact today to get straight talking legal advice from a specialist solicitor.