BakerLaw was fortunate enough to be joined by Georgie Barrow for work experience. She has reflected on her experience and learnings: “My two weeks of work experience at BakerLaw has provided me with invaluable insight into different legal practice...
Thank you for looking at our property services. Whether you are a first-time buyer or an investor, we are here to take the stress out of buying and selling a home. We will guide you through each step of the transaction and tailor our service to your personal requirements, so you get exactly the service you need.
When it comes to selling a property, there are important decisions you need to make and we are here to ensure that your all your legal obligations are met. There are lots of boxes to tick and we want to assist you in selling your house quickly and efficiently, leaving you free to move on to your next property.
We have an experienced team who understand the stresses involved in selling property. Our approach is a simple – we provide a first-class service from our expert team who make the difference by taking care of all the important legal details and removing any confusion and uncertainty from the process of selling a property.
Whether you are selling your property through an estate agent or privately, we will make everything as clear as possible. Our team are made up of highly qualified Solicitors who have the legal and technical “know how” to resolve any issues as they arise in a professional and efficient manner.
We also recognise that communication is key, especially where there are complex issues to deal with, so will ensure you are always kept up-to-date and get answers to your questions in plain English.
We want you to feel confident that you are a priority, with our aim being that any member of the team is available to speak with you when you need some clarity and certainty at any stage in the process. We feel this provides reassurance and gives you an outlet for any concerns that you may have. We know property is often the biggest investment you have, so we want to offer a reliable, first-class service to protect that investment, while giving you value for money with no hidden fees.
We are proud to hold Lexcel and Conveyancing Quality Scheme (CQS) Accreditations, issued by the Law Society. This involves the firm undergoing a rigorous audit process which ensures we maintain high levels of client care.
The fees involved in any transaction are important and we review our fees on a regular basis, considering client’s feedback to ensure we always offer good value for money. We typically work on a fixed fee basis, so that from the outset you know what the fees will be for your transaction.
If during the transaction there is a new development, we will discuss the change in fees with you and agree a way forward.
Our fees are set out as:
Our fees cover all the work required to complete the sale of your current home.
Legal Fees – Registered Title
Purchase price up to £500,000.00
Purchase price between £500,000 - £1,000,000
Purchase price above £1,000,000
Percentage fee negotiable
ID Check per person
HMLR Documents – per document
Electronic money transfer fee (sending you sale proceeds – Optional)
Electronic money transfer fee (redeeming any existing mortgage )
Estate Agent Fee - Approx. 1% of sale price but this is agreed between yourselves and the estate agent
We do not undertake tax advice.
Our fees are fixed, however there may be factors which would typically increase the cost of the fees estimated above. Where there is likely to be any additional cost, we will make sure you are informed of this at the earliest opportunity and a clear estimate of those extra costs will be provided.
Factors that may lead to an increase in cost include:
- If a legal title is defective or part of the property is unregistered
- If crucial documents, we have previously requested from you have not been provided to us
- If you require to exchange within 6 weeks of instructing us
- If you require completion within 6 weeks of instructing us
- If you require simultaneous exchange and completion
The sale of freehold property being sold for £450,000:
Our Fee - £850.00 + VAT (£170) = £1,020.00
- ID Check - £6.00 + VAT (£1.20) = £7.20
- Title Documents - £6.00 + VAT (1.20) = £7.20
- HMLR Documents x 1 - £3.00 + VAT (£0.60) = £3.60
- Bank Charges (sending you sale proceeds) - £30.00 + VAT (6.00) = £36.00
- Bank Charges (redeeming any existing mortgage, if any) - £30.00 + VAT (6.00) = £36.00
Our Fees & Disbursements Total = £1,020.00
- Estimated Estate Agent Fee - £4,500.00 + VAT (£900.00) = £5,400.00
For any transaction, the timescales are subject to change depending on when your offer is accepted and other factors involved, such as:
- Number of parties in the chain
- Whether the buyer has a mortgage in place
- Whether the buyer requests lease extension for a leasehold property
- Whether the searches flag up any issues
- Whether buyer’s Survey shows up any issues
- Buyer’s Enquiries
A typical transaction will take between 10-14 weeks. However, if any of the above apply or there are other factors we need to take into consideration, it may increase the time by a further 4-6 weeks and additional charges may occur. We will discuss this with you at the earliest opportunity, so you always have a clear picture of how long things are likely to take.
With every transaction there are key milestones, which may vary according to individual circumstances. They may be as follows:
- Taking your instructions and giving initial advised based on the information you have provided
- Checking finances are in place for the buyer to fund the purchase
- Drafting contracts of sale and any other necessary documents and reviewing these with you
- Sending the contacts of sale to the buyer’s solicitor and dealing with any enquires they have
- Providing advice on all documents and information received
- Finalising the contract and sending to you for signature
- Agreeing a completion date (the date from which the buyer will legally own the property)
- Exchanging contracts and notify you that this has happened
- Completing the sale.
- Redeeming the mortgage (if any)
- Sending the sale proceeds to you on completion date.