Hampshire Trust Bank is making title insurance available through Titlesolv for commercial and buy-to-let purchases and remortgages up to £2m.
The product gives cover for the bank in case of title disputes, but can also help the application process for brokers by covering issues that occur in the due diligence process.
Hampshire Trust Bank managing director of commercial mortgages Colin Bell says: “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.”
Titlesolv chief executive Chris Taylor says: “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.”