We're trying to buy a house and early days it's cropped up that the sellers only have Possessory Title. Story is that the occupant died, and the beneficiaries who are selling. Cannot find a record of the title, so they've got Possessory Title. I understand you have to hold this for 12 years. White being granted full title, and the sellers can buy an indemnity.
But I have the collywobbles about this.
Does anyone have experience of this?
Thanks