Posessory and qualified title house purchase

Waste_not

I have had an offer accepted for a house in the countryside. We offered and got accepted at asking price, though they took £1000 off as our valuation showed up a small subsidence issue on the rear pavement area- not affecting the house or garden.

However, the following has happened on the legal side. The property is made up of 4 different title deeds. One is for the house and garden- they are fine- absolute title. The other I think is fine too, my solicitor raised no issues anyway. One is for a small parcel of land in the front garden and is qualified title, I don't know why. The other is for a large part of land, basically a large extension lawn to the rear, and beyond that a rough ground area with trees etc, it is posessory title, with 10 years since registration.

Should I go ahead with th purchase? Should I get seller to pay indemnity insurance? Is it worth the risk? Should I reduce my offer price?

My solicitor is cautious, and still awaiting full details from sellers solicitor. Problem is the mortgage offer expires soon, and that deal is now gone, similar deal will be a quarter percent more expensive.

Any advice/guidance. We love the house, and is exactly what we're looking in a good area, but would not be so nice if someone came along, claimed the posessory title land and built a house right behind our countryside home!

davidmcn

If you're buying with a mortgage then you're going to have to wait until your solicitor has full details and can confirm that they can sign off to the lender.

Insurance is a possible solution, but you'll need full facts / history first.