• Possessory Title 2

    By Guest on 12th Jun 2014

    We were hoping to purchase land and build a few houses but it appears some of it will only have possessory title due to lack of registration - the land has been in the family for 50years and I dont doubt the seller but my concern is when we come to sell the houses would prospective purchasers be able to get mortgages on properties with no absolute title - given it is difficult to get mortgages currently anyway ?

  • 1 Answers

    By Guest on 19/07/2014

    It is possible that yes, they will have a problem getting mortgages though most will accept the title if supported by indemnity insurance which is easy to arrange and quite cheap.

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