My son is interested in buying a house, but the title deeds have been lost. However the sellers say they’ve taken out insurance in case anyone turns up claiming to own the property. The last people in the house rented it for 35 years and no-one turned up in that time to claim it. Would my son be safe buying it under these circumstances?
It’s not as unusual as you might think for title deeds to go missing, or for people to have to take out insurance in such circumstances. It’s not quite clear whether the property is being sold by the long-term tenants. This would be unusual, but it could happen if, for example, the landlord died and no-one claimed the house or the rent for 12 years. However you should ensure that the paperwork is carried out by an experienced conveyancer.