Purchasing a listed building can be an exciting prospect for homebuyers; these properties often come with a wealth of historical and architectural significance, making them unique and charming places to live.
However, owning a listed building also entails various legal responsibilities that every prospective buyer should be aware of.
What is a listed building?
A listed building is one that has been designated as being of special architectural or historic interest.
Listed buildings are classified into three grades:
Ownership of a listed building comes with certain legal restrictions aimed at preserving the property’s architectural and historical characteristics.
Here are some key points:
The buying process: Legal checks
It’s crucial to perform thorough due diligence before purchasing a listed property. This involves checking the ‘list description’ and the property’s planning history to understand what you are legally bound to preserve.
Standard building surveys are generally not sufficient for listed buildings. It’s advisable to hire a surveyor experienced with listed properties to identify potential issues that may require costly repairs.
Consult a solicitor who specialises in listed properties. They can help you understand the legal implications, review contracts, and guide you through obtaining any necessary consent.
You should be aware that insurance premiums for listed buildings are typically higher due to the specialised materials and skills required for repairs.
It may be helpful to know that there are also various grants and loans available to help you maintain listed buildings. However, these often come with strings attached, like opening your home to the public a certain number of days per year.
If you would like advice about purchasing a listed building, please get in touch with our expert team today.
Mander Hadley Solicitors is not only a long established firm, but is vibrant and successful, with a forward thinking approach.
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