Not really. If the house has been there for 40 years, the owners of the house would have acquired a possessory title by way of adverse possession in any event, so the holders of the paper title are really only accepting the inevitable with the £1 deal.
Not really. If the house has been there for 40 years, the owners of the house would have acquired a possessory title by way of adverse possession in any event, so the holders of the paper title are really only accepting the inevitable with the £1 deal.