Anyone who has tried to have a dormant restrictive covenant removed from their property deeds is advised by their solicitor that it is hugely expensive needing a barrister costing £500 an hour. They are guided instead towards taking out an insurance policy. These cost around £250 for £250,000 worth of cover that anyone enforces the covenant. The numbers indicate just how unlikely this is. So these dormant or dead restrictive covenants are of absolutely no use to any party but restrict civil liberties and leave the insurance industry effectively taking money off the consumer simply because the law dealing with extinguishing dormant or dead covenants so complex that it is priced out of reach of ordinary people.
The measure is important for the proposed government's freedom bill as the matter will never justify a parliamentary bill in its own right, it affects lots of property owners, the remedy is simple and if no action is taken now our grandchildren will still be encumbered with these useless restrictions on our civil liberties as property owners.