Restrictive Covenants and IndemnityMake Text Bigger
7 years ago I bought an ex council house. I was not aware that there is a restrictive covenant by the local authority that prevents the house being used ‘other than as a single private dwelling house for occupation by one family only and not to convert same to flats or maisonettes.’
The Local Authority who imposed this covenant when they sold the house originally have hundreds that are similarly used and it would open the flood gates if they allowed a challenge to go through. So far no one has tried to get it lifted and Indemnity seems the only way. I’m now selling an HMO with tenants, and my buyer is concerned about the covenant and he wants indemnity.
Can anyone advise me which Insurers specialise in this sort of cover please ? Our solicitors tell me it is not available, but I rather think they haven’t looked very far!
Any tips appreciated.
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