• Legal Advice: Peer to peer lending transactions can involve complex legal issues, especially when it comes to drafting loan agreements and ensuring they comply with relevant financial and lending regulations. A solicitor can provide legal advice to ensure that all legal aspects of the transaction are handled correctly.

• Loan Agreement Drafting: If you're a borrower or lender you may need a solicitor to draft or review the loan agreement. A solicitor can help ensure that the agreement accurately reflects the terms and conditions you intend to agree upon, protecting your interests.

• Regulatory Compliance: Peer to peer is subject to various regulations and laws that vary by jurisdiction. A solicitor can help you navigate these regulations to ensure that your peer to peer lending activities comply with local and national laws.

• Risk Mitigation: Solicitors are skilled at identifying potential legal risks and liabilities associated with peer to peer lending transactions. They can provide strategies to mitigate these risks, helping you avoid legal complications.

• Dispute Resolution: In the event of disputes or disagreements between borrowers and lenders, a solicitor can provide legal support for dispute resolution through negotiation, mediation, arbitration, or, if necessary, litigation.

• Secured Loans: If the lending involves secured loans where collateral is used, a solicitor can assist in setting up the appropriate security interest, ensuring that the collateral is properly documented, and that lenders' rights are protected.

• Investor Protection: For lenders investing significant amounts of money, solicitors can review the terms of the loans and assess the risk associated with each borrower, helping lenders make informed investment decisions.

• Complex Transactions: In cases involving complex transactions, such as large sums, solicitors can provide the expertise needed to navigate the complexities of such deals. 

How our solicitors can help

Our solicitors can provide the legal expertise and support needed to navigate the complexities of P2P lending, ensuring that your interests are protected and that your involvement in P2P lending complies with relevant laws and regulations.

You will find us easy to contact if you have any questions or you need support from us at any time. Speak to our solicitors in Dungannon and Belfast, and call us on 028 87722102. We will talk through your situation with you and answer any questions you may have.

Alternatively, you can fill in our online Contact Form and we will ring you.