Possessory indemnity

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    Possessory indemnity

    I’m buying a house and it’s come up that it’s a possessory title with about 3 years left before it can become absolute. Is it likely that someone with a claim will come along and it will be given over to them?

    Can you recommend an indemnity that will compensate me for the full value of the property if any claim for title absolute is successful

    Ask your conveyancing solicitor to buy the insurance.


      Is it the whole property which has possessory title or just part of the land with no buildings on?

      No one can predict the likelihood of anyone making a claim.

      Indemnity insurance is usally available. The seller should be paying for it as if he only has possessory title he is not providing a "good and marketable" title.


        If its the whole plot, then consider a structural survey.

        If he acquired this house by adverse possession it was possibly derelict before he started.

        Expect a serious reduction for this (as well as him covering the indemnity insurance)


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