As per the letter you have received, your home is restricted by covenants (listed in full in your letter and at the bottom of this page). Please read carefully and calculate the number of breaches relevant to you and select the payment accordingly.Alternatively, if preferred, we are now offering the option for full and final settlement.
Upon receipt of payment for the release of covenants in their entirety, a signed deed of release is issued and forwarded to the proprietor. The document is to be countersigned by the proprietor and kept with the deeds. It surrenders our right (the Gascoine Group Ltd) to claim or enforce schedule 3 / restrictive covenants related items. Should you wish to do so, the deed of waiver, together with a CN1 form (downloadable below) can be forwarded to UK Land Registry in order for the deeds to be altered and re-issued (this will incur an administrative charge). Removal of covenants by the UK Land Registry at their discretion and on a case by case basis.
Please note, each breach is charged at £ 149.00 ( please calculate and multiply accordingly).
Release of restrictive covenants in their entirety is charged at £ 399.00
You should be aware that unless this matter is resolved you will encounter great difficulty in any future sale or mortgage of this property due to the breach of the covenant set out in the said transfer.