Terms & Conditions

1. Definitions

In these Terms and Conditions, the following definitions apply:

• "The Company", "Labode Properties", "we", "us", or "our" refers to Labode Properties Sourcing LTD.
• "Vendor", "Seller", "you", or "your" refers to any individual or entity submitting property details to us or engaging with us regarding the sale of a property.
• "Property" refers to any residential property submitted to us for consideration.
• "Offer" refers to any indicative or formal offer made by the Company or its associated buyers to purchase the Property.
• "Survey" refers to any inspection, valuation, or structural assessment carried out on the Property by a qualified professional.
• "Completion" means the legal completion of the property sale, being the point at which ownership transfers and funds are released.
• "Exchange" means the exchange of contracts, at which point the sale becomes legally binding on both parties.

2. Our Role

Labode Properties sources and purchases residential properties directly or on behalf of associated investors and buyers. When you submit your property details to us, we assess the property against our buying criteria and may make you an offer.

We are not estate agents and do not market your property to the public. We are not regulated by the Financial Conduct Authority (FCA) and do not provide financial, legal, tax, or mortgage advice.

Any offer we make is subject to these terms, satisfactory survey results, and completion of legal due diligence. We strongly recommend you seek independent legal advice before accepting any offer.

3. Submitting Your Property

When you submit your property details through our forms or communicate them to us directly, you confirm that:

• You are the legal owner of the Property, or you have the authority of the legal owner to act on their behalf.
• The information you provide is accurate and complete to the best of your knowledge.
• You will disclose any material facts that may affect the value, condition, or saleability of the Property, including but not limited to: structural issues, subsidence, flooding history, Japanese knotweed, boundary disputes, planning enforcement, outstanding charges or liens, tenancies, and shared ownership arrangements.
• The Property is not currently subject to a legal restriction that would prevent its sale.

Submitting your property details does not create any obligation on either party. It is an expression of interest only. No contractual relationship is formed until Exchange of contracts.

4. Offers & Valuations

Any initial offer made by the Company is indicative and subject to survey, legal due diligence, and verification of the information you have provided. The indicative offer may be revised upward or downward following these checks.

You are under no obligation to accept any offer. All offers are made on a no-obligation basis until Exchange of contracts.

Our offers take into account the property's current condition, location, market comparables, and any works required. Our valuation methodology is proprietary and we are not obliged to disclose the basis of our calculations.

We may withdraw or amend an offer at any time prior to Exchange if:

• The Survey reveals material defects not previously disclosed or reasonably discoverable.
• Information you provided is found to be materially inaccurate or incomplete.
• Legal searches reveal issues affecting title, planning, or the property's saleability.
• Market conditions change materially between the date of the offer and the proposed Exchange.

5. Surveys & Property Condition

We will arrange and pay for the survey at our own cost. You agree to provide reasonable access to the Property for the survey to be carried out at a mutually convenient time.

Whilst we purchase properties in a wide range of conditions, our commitment to buy properties "in any condition" does not extend to properties with serious structural damage identified by survey. This includes but is not limited to: significant subsidence, major structural movement, severe roof failure, extensive damp requiring structural intervention, or contamination.

Minor and cosmetic issues, general wear and tear, outdated fixtures, and standard refurbishment requirements do not constitute grounds for withdrawal.

6. Completion Timelines

We aim to complete in as little as 28 days after the survey, subject to satisfactory legal due diligence and your cooperation with the conveyancing process.

Completion timelines depend on factors including:

• The speed of legal searches and enquiries.
• Your solicitor's responsiveness and availability.
• Whether you have a dependent purchase or onward chain.
• The resolution of any title issues, charges, or outstanding enquiries.
• Availability of mortgage redemption statements where applicable.

We will work with you to agree a completion date that suits your circumstances. If you need a longer timeline, we are flexible and can accommodate this where possible.

The 28-day target is an aspiration, not a guarantee. We will keep you informed of progress throughout and will notify you promptly if any issue arises that may affect the timeline.

7. Fees & Costs

You will be responsible for your own legal costs (solicitor/conveyancer fees) in connection with the sale. Where we have agreed to contribute to or cover your legal costs, this will be confirmed in writing and is at our discretion.

Any existing mortgage, charge, or debt secured against the Property must be redeemed from the sale proceeds at Completion. It is your responsibility to obtain redemption figures from your lender in good time.

8. Your Obligations

By engaging with us, you agree to:

• Provide accurate, honest, and complete information about the Property and your ownership of it.
• Disclose any material facts that could affect the property's value, condition, or saleability promptly upon becoming aware of them.
• Provide reasonable access to the Property for surveys, viewings, and valuations at mutually agreed times.
• Instruct a solicitor or licensed conveyancer to act on your behalf in the transaction and cooperate with the conveyancing process.
• Not enter into any other agreement for the sale of the Property to a third party after Exchange of contracts with us.
• Maintain the Property in its current condition between the date of our offer and Completion, and not remove fixtures, fittings, or items that were present at the time of valuation unless agreed in writing.

9. Withdrawal & Cancellation

Your Right to Withdraw

You may withdraw from the sale at any time before Exchange of contracts without penalty. Prior to Exchange, no binding contract exists and either party may walk away.

After Exchange, the sale is legally binding. Withdrawal after Exchange may result in legal consequences including forfeiture of any deposit paid and liability for damages. You should seek independent legal advice regarding your obligations after Exchange.

Our Right to Withdraw

We may withdraw our offer at any time prior to Exchange, including but not limited to the circumstances described in clauses 4 and 5 above. We will notify you promptly if we decide not to proceed and will provide a reason where reasonably practicable.

Neither party shall be liable to the other for costs incurred prior to Exchange if the transaction does not proceed, except where one party has acted in bad faith or in breach of these terms.

10. Confidentiality

We treat all information about your property, personal circumstances, and the terms of any offer as confidential. We will not disclose your details to unrelated third parties without your consent, except where:

• Disclosure is necessary to complete the transaction (for example, to solicitors, surveyors, or mortgage lenders).
• Disclosure is required by law, regulation, or court order.
• Disclosure is to associated buyers or investors who may be purchasing the Property, in which case only property-related information (not your personal financial circumstances) will be shared.

We will not place "for sale" boards, create public listings, or advertise your property publicly without your express written consent. Our process is discreet from start to finish.

11. Limitation of Liability

To the fullest extent permitted by law:

• The Company shall not be liable for any indirect, consequential, special, or punitive damages arising from or in connection with these terms or any transaction.
• The Company shall not be liable for delays to Completion caused by third parties, including solicitors, lenders, search providers, or local authorities.
• The Company shall not be liable for any loss arising from your reliance on informal or indicative information provided before a formal written offer.
• The Company's total liability for any claim arising out of or in connection with these terms shall not exceed the value of any fees paid by you to the Company (which, under our standard terms, is zero).

Nothing in these terms excludes or limits the Company's liability for death or personal injury caused by our negligence, fraud or fraudulent misrepresentation, or any other matter for which it would be illegal to exclude or limit liability.

12. Communications

By submitting your property details or contacting us, you agree to receive communications from Labode Properties via email, telephone, SMS, WhatsApp, and other messaging platforms. Communications may relate to your property enquiry, the progress of any offer or transaction, and service updates.

Calls may be automated, pre-recorded, or delivered using an AI-generated voice. Message and data rates may apply.

You can opt out of marketing communications at any time by replying STOP to any text message, clicking the unsubscribe link in any email, or contacting us directly. Opting out of marketing does not affect communications relating to an active property transaction or enquiry.

Consent to receive communications is not a condition of us making you an offer or providing our service.

13. Data Protection

The Company processes your personal data in accordance with the UK General Data Protection Regulation (UK GDPR) and the Data Protection Act 2018. We are registered with the Information Commissioner's Office (ICO).

For full details of how we collect, use, store, and protect your personal data, please refer to our Privacy Policy.

In summary: we collect the information you provide (name, contact details, property details, selling reason, timeframe), use it to assess your property and communicate with you, and do not sell your data to third parties. You have the right to access, correct, or delete your data at any time by contacting us.

14. Dispute Resolution

In the event of any dispute arising out of or in connection with these terms, both parties agree to first attempt resolution through good-faith negotiation.

If the dispute cannot be resolved through negotiation within 30 days, either party may refer the matter to mediation. The mediator shall be agreed upon by both parties or, failing agreement, appointed by the Centre for Effective Dispute Resolution (CEDR).

Nothing in this clause prevents either party from seeking urgent injunctive relief or other interim measures from the courts where necessary.

These terms are governed by the laws of England and Wales, and both parties submit to the exclusive jurisdiction of the courts of England and Wales.

15. Amendments

The Company reserves the right to amend these terms at any time. Updated terms will be made available and will take effect from the date of publication. Where material changes are made, we will make reasonable efforts to notify you if we have an active relationship with you.

Your continued engagement with our services after publication of amended terms constitutes acceptance of the updated terms.

16. Severability

If any provision of these terms is found to be invalid, unlawful, or unenforceable by a court of competent jurisdiction, that provision shall be deemed severed from these terms and the remaining provisions shall continue in full force and effect.

17. Contact

For any questions, concerns, or notices relating to these terms or our services, please contact: