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Restrictive Covenants on Prospective House Purchase

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    #41
    Originally posted by Gumbo Robot View Post
    No. I wasn't aware of the issue. Perhaps the vendor should have made me aware of it. I don't know...
    No, YOUR solicitor should have made you aware of it during the purchase.
    http://www.cih.org/news-article/disp...housing_market

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      #42
      Originally posted by PurpleGorilla View Post
      No, YOUR solicitor should have made you aware of it during the purchase.
      He has done - I haven't exchanged yet.

      It would save all concerned a lot of time, money and stress if these things were declared upfront. That said, still not sure whether I'm actually going to pull out. May use it as a bargaining chip to get 10k off the price.

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        #43
        Originally posted by Mincepie View Post
        I have one of these covenants in my property that i snapped up a year ago. Its something about not allowed to build a a structure even temporary (wooden i assume).

        The covenant was issued by the company that built that house in the 30s, they went out of business in the 70s. I want to do a shed pub with all the whistles and bells and I concluded that it was a low risk of anyone enforcing it.

        If you're worried about how it will effect a future sale get an insurance policy thingy to cover it off and that should do the trick.

        You can always knock the summerhouse down as well as a nuclear option
        I had one on the property I had another house built in the garden. No hedges, no structures etc unless agreed by the builder.

        Builder went bust in the 1980s so nobody to ask. A neighbour came up and said I wasnt allowed to, but as there was nobody to complain to I carried on.

        To cover issues later from a resale perspective I took out Restrictive covenant Indemnity insurance for about £100 which insures you against later problems. Quite normal
        What happens in General, stays in General.
        You know what they say about assumptions!

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          #44
          Restrictive Covenants on Prospective House Purchase

          Originally posted by Gumbo Robot View Post
          He has done - I haven't exchanged yet.

          It would save all concerned a lot of time, money and stress if these things were declared upfront. That said, still not sure whether I'm actually going to pull out. May use it as a bargaining chip to get 10k off the price.
          Your call. I would be seriously put off by some tulip like that.
          http://www.cih.org/news-article/disp...housing_market

          Comment


            #45
            Originally posted by MarillionFan View Post
            I had one on the property I had another house built in the garden. No hedges, no structures etc unless agreed by the builder.

            Builder went bust in the 1980s so nobody to ask. A neighbour came up and said I wasnt allowed to, but as there was nobody to complain to I carried on.

            To cover issues later from a resale perspective I took out Restrictive covenant Indemnity insurance for about £100 which insures you against later problems. Quite normal
            I assume you had planning permission?

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              #46
              Originally posted by PurpleGorilla View Post
              Your call. I would be seriously put off by some tulip like that.
              Actually, these covenants have raised another issue. I was going to plant a beech hedge on my side of the boundary to get some privacy - I've just written a letter to the neighbours to gauge their response. If it's not positive, I'm out. I wouldn't have even thought of potential boundary disputes from putting in a hedge that Will be maintained at a height of no more than 7 feet.

              Perhaps I should stay in my humble cottage. At least it's live and let live round here.

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                #47
                Depending on the direction of the sun the neighbour may not want the Beech hedge.
                "You’re just a bad memory who doesn’t know when to go away" JR

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                  #48
                  Originally posted by SueEllen View Post
                  Depending on the direction of the sun the neighbour may not want the Beech hedge.
                  They actually rent out that part of the property but I'll find out when I get a reply to my letter.

                  Irony of ironies though, I've just found out the neighbour is a senior partner in a local law firm; the same firm that is handling the conveyancing for my buyer

                  No wonder they're dotted all the I's etc on those covenants.

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                    #49
                    Just walk away, sounds like an area full of nimby s

                    Comment


                      #50
                      Do you want to have them as neighbours?
                      http://www.cih.org/news-article/disp...housing_market

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