What is a Lockout Agreement?

When buying a house a lockout agreement is something that gives all involved the added reassurance at the early stages of a property transaction, but what is a lockout agreement and how does it work? In this episode, Phil Spencer shares how a lockout agreement could minimise the risk of a sale breaking down. You can access more of Phil’s advice for FREE on the Move iQ website You can also read our guide to student bill splitting. Why not subscribe to receive Phil's monthly newsletters, and get his top tips and market updates direct to your inbox. You can connect with us on Facebook, Instagram, TikTok Twitter or LinkedIn. We upload videos weekly over on our YouTube channel be sure to subscribe and let us know what you think. If you have any questions for Phil or any special requests for topics to cover on the podcast, then please email us at [email protected]