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Senior Partner
Senior Partner, Solicitor
Category: Law
Satisfied Customers: 13325
Experience:  Solicitor with more than 30 years experience
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How secure is a deed of possession as opposed to a deed absolute?

Resolved Question:

How secure is a deed of possession as opposed to a deed absolute? Is it wise to buy a propery with this type of deed? Is it true that , if I went ahead and bought the property, that I could convert the deed to one of absolute after 15 years?
Submitted: 3 years ago.
Category: Law
Expert:  Senior Partner replied 3 years ago.
Thanks for your question - If they have been in possession for 32 years then it ought to be reasonably secure but it ought to possible to get title insurance to cover the risk and as the vendors are going to have the same issue with any buyer, it ought to be possible to negotiate a deal that they pay at least part of the cost.

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