• Contract Of Sale

    By Guest on 09th Jul 2018

    We are considering a pre-auction bid but before i talk to a solicitor i saw in the legal pack there is a clause in the Sale Contract:

    "Restriction on assignment and sub-sale:
    The contract for sale is personal to the buyer and is not capable of being assigned, charge or mortgaged except by way of a floating charge."

    Does this mean i cant get a mortgage whilst the sale is going through or after ownership too? thanks for considering my question.

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