• Title Issues And Mortgages

    By Guest on 28th Oct 2020

    I am looking to buy a property which is being sold by the deceased owners relatives.
    The title deeds are lost / unregistered title and their solicitor is in the process of submitting an application for first registration - my understanding is to obtain a good leasehold title. I also understand that the case might be that she could obtain a qualified title, and not the good leasehold title.
    We are in a position to purchase the property as a cash buyer but will require a mortgage as we want to demolish the existing property which is in poor condition and build a new home on the site.
    Will we be able to obtain a mortgage to do the works based on the property either having a good leasehold title or a qualified title? I'm aware there is something called Title indemnity insurance - would this be required by a lender?

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