Hi lowyat experts, lurker first time poster. Hope to get some guidance.

Have signed the letter of offer only and vendor shared that he misplaced the title (paid in cash last time). My bank loan has been approved

He will do the necessary - report police, apply for new title etc.
So far land search showing ok, and original spa also have.

My question is
1. Will a re-issued title affect the re-sale value of the property?

2. I'm told that re-issue process may take 6 months.
2a. Will the loan offer lapse?
2b. Will there be any penalty to me if the vendor ends up cancelling the sale? (If there is, any way for me get the vendor to pay these penalty charge?)

Many thanks in advance!