The owners have very brash vendors who has suggested a exclusivity agreement with a deposit 6,000. Is it wise to enter into such agreements?

Lock out contracts are contracts between a home vendor and prospective buyer granting the buyer a ‘clear field’ to the sale of the property for a limited period of time. For all intents and purposes, an exclusivity is a document stating that you should be issued with a contract at a later date being the contract for the actual sale. It is generally used for buyer assurance though in many situations, the vendor may stand to benefit from such agreements as well. There are many positives and negatives to using an agreement but you need to check with your solicitor but beware that it may result in incurring more in conveyancing charges. In light of these reasons these agreements are rare in relation to conveyancing in Merseyside.

About to place a bid on a leasehold property in Merseyside. The property agents say that it is usual for flats in Merseyside to have less than 75 years unexpired on the lease. I am getting a loan with Tesco Bank. Will the property be mortgageable given that the lease has 69 years left.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 22/3/2025 the requirements read as follows :

How does conveyancing in Merseyside differ for newly converted properties?

Most buyers of new build property in Merseyside contact us having been asked by the builder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Merseyside tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Merseyside or who has acted in the same development.

My company is looking to lease a unit on the high street. Can you recommend conveyancers offering fixed charges for non-domestic conveyancing in Merseyside for less than 2k?

We can recommend firms who have specialist knowledge of commercial conveyancing in Merseyside, including the sale and purchase of businesses as well as simply property. If you are intending to acquire or lease a shop, pub, restaurant, office, retail unit or a whole business we can find you the right solicitor. As for the costs these will vary based on the structure and nuances of the deal. Let us have your contact information or email us so that we can supply you with a detailed commercial conveyancing quote.

I am on look out for some leasehold conveyancing in Merseyside. Before I set the wheels in motion I want to be sure as to the unexpired term of the lease.

Assuming the lease is registered - and 99.9% are in Merseyside - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I acquired a garden flat in Merseyside, conveyancing having been completed 10 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in Merseyside with a long lease are worth £186,000. The average or mid-range amount of ground rent is £55 per annum. The lease runs out on 21st October 2078

With 53 years left to run the likely cost is going to be between £27,600 and £31,800 plus legals.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.