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Law of Property Act 1925: Governs property law in England and Wales, particularly relevant if the promissory note includes any security interests against property

Consumer Credit Act 1974: Regulates credit arrangements, may be applicable for loans exceeding £140,000, though family arrangements might be exempt

Limitation Act 1980: Sets statutory time limits for enforcing debts, typically 6 years for simple contracts, crucial for establishing repayment terms

Statute of Frauds 1677: Requires certain contracts to be in writing and signed, particularly relevant for guarantees and promises to pay

Contract Law principles: Fundamental principles including consideration, intention to create legal relations, and capacity to contract, especially important in family contexts

Bills of Exchange Act 1882: Sets out basic requirements for promissory notes, including legal form and enforceability standards

Financial Services and Markets Act 2000: Ensures the loan arrangement doesn't inadvertently fall within regulated financial activities

Income Tax Act 2007: Relevant for tax treatment of any interest payments on the loan

Inheritance Tax Act 1984: Important considerations if the loan becomes a gift or for inheritance tax planning purposes