Possessory title

The description given by the Land Registry to the title of ownership of a property where, due to some defect in the title, the registry is not entirely satisfied as to the owner`s ownership of the property, but only satisfied that they are lawfully in possession of the property. Full title is called ‘Title Absolute`.

Possessory title

The description given by the Land Registry to the title or ownership of a property where the registry is not entirely satisfied as to the vendor's ownership of the property due to a discrepancy. It is satisfied only that the person is lawfully in possession of the property, as opposed to title absolute and good leasehold title.
Found on http://www.mortgage-terms.co.uk/mortgage-glossary/p/possessory-title.html
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