StreamBank has announced the addition of title insurance to all bridging cases up to £2 million, with the aim of achieving faster completions and greater certainty for brokers and their clients.
With immediate effect, all new bridging cases up to £2 million will be quoted with title insurance unless specifically requested otherwise. The policy, provided by Westcor, is designed to help speed up the legal process by reducing the number of solicitor checks required.
The policy guarantees that the property title is free from defects, the lender has a valid and enforceable first charge, and the mortgage is secured on good and marketable title. Title insurance is available for dual legal representation on refinance cases only, and for single legal representation on both purchase and refinance.
This new feature provides brokers with a practical way to avoid delays, particularly on deals where timing is tight or the legal process is likely to be more complex.
This enhancement follows the launch of StreamBank’s StreamLine bridging product in January, which offers rates from 0.65% per month and streamlined processing for larger residential bridging loans.
Roz Cawood (pictured), managing firector of lending at StreamBank, commented: “Adding title insurance into the mix is a simple change that can make a big difference. It gives clients peace of mind and allows brokers to deliver a smoother experience without sacrificing security. This is especially valuable on smaller deals where delays can have a disproportionate impact. We’re always looking for ways to make life easier for brokers, and this is just one more way we’re doing that.”
