Hampshire Trust Bank has teamed up with Titlesolv to make title insurance available for commercial and buy-to-let purchases and remortgages up to £2m.
The product, available through Titlesolv, offers cover for the bank in case of title disputes, but can also help streamline the application process for brokers by covering issues that occasionally occur in the due diligence process.
Colin Bell, managing director of commercial mortgages at Hampshire Trust Bank, said: “As a former broker myself, I understand first-hand the importance of speed and service. Title insurance is a useful tool that not only provides cover for the lender, but by speeding up the time it takes to process applications, can cut down on completion times.
“While title insurance may not be appropriate in every case we will continue to go the extra mile to ensure brokers have access to finance when they need it.”
Chris Taylor, chief executive officer at Titlesolv, commented: “At Titlesolv we are proud to provide solutions that streamline residential and commercial property transactions. We know that speed is often a priority and we are delighted to offer title insurance designed to improve the service clients receive.”
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