Missing abstract, solid title- problem if buying a house?

[snak]

Hi all,
I'm really looking to hear of your experience/advice on buying a house (victorian, in E11/London), where the title is okay, but the abstract document is not available at HM Land Registry. Our solicitor says its not ideal, but not a deal breaker either. We could get the seller to pay for an indemnity policy to cover for any issues around rules- relating to right of way, or right to extend etc. We don't plan to build an extension anyway, our family is complete, and the space is big enough to suit us. But given that buying is a huge commitment, esp in this climate, i'm worried if this kind of thing is serious. Will it be a problem for us? Will it be off putting for future buyers? Should we be vary about anything here? Anyone come across this issue when buying/selling a house?
Thanks in advance,
Sk

Sorry, I have no idea on your specifics, but it seems to me that almost every house has an indemnity policy for something these days!

It basically means that there is an old document that can't be found and it may contain covenant and rights that affect the property but nobody actually knows.

It's not unheard of. The seller will probably need to swear a stat Dec in order to get the policy.

In terms of being off putting for future buyers yes it might be. Most people though are guided my mortgage companies and If the mortgage so is happy then so is the buyer. At the moment mortgagees will accept indemnity policies who's says they will be in 10nyears time?

It also doesn't correct the issue. It just give you the right to xlaim on the policy and claim difference in value.

I personally would rather an Indemnity policy for something like this than lack of building regs.

Thank you so much for both your comments, have been really helpful!