The partnership will see Afin Bank integrate Westcor’s Perfect Title Insurance into its lending process across England and Wales. Perfect Title Insurances allows lenders to progress a case without waiting for certain legal checks to complete, reducing reliance on elements of the traditional conveyancing process while maintaining robust protection for the bank, meaning faster completions for borrowers.
Westcor International takes a specialist underwriting approach to provide title insurance for lenders in the UK.
Rob Lankey, National Sales Director at Afin Bank, said:
“Afin has built its proposition around supporting borrowers who do not fit a standard lending model, where a more bespoke and responsive approach is essential.
“By working with Westcor and incorporating Perfect Title Insurance into our process, Afin is able to reduce delays at a critical stage of the transaction and provide a smoother route to completion for our brokers and their clients.
“It allows us to deliver a lending experience that better reflects the complexity of modern borrower profiles, while maintaining the standards and oversight required of us as a lender.”
Christopher Taylor, Corporate Development Director at Westcor International, added: “As lender requirements evolve, we are seeing a clear shift towards solutions that remove friction from the completion process without introducing additional risk.
“Perfect Title Insurance is designed to address that challenge, enabling specific elements of the conveyancing process to be replaced with an insurance-backed solution that protects the lender’s position.
“Partnering with Afin reflects how forward-thinking lenders are adapting their approach, combining strong underwriting with more efficient transaction structures to support a broader range of borrowers.”
