Restrictive covenant

A restrictive covenant is an obligation which may be imposed on the owner of freehold property in the deeds to that property.

Restrictive covenants are also likely to be included if your property is leasehold. Such clauses will prevent certain actions such as running a business or building an extension. You may even be restrained from erecting a TV aerial!

The person doing your conveyance, usually a solicitor will inform you of any restrictions before you exchange contracts and complete your purchase.

Get professional help from a qualified independent mortgage advisor and see how much you could save on your mortgage payments. There's no obligation, just plain good advice.

See also: Financial Services, Mortgages