Challenger bank launches title insurance for commercial offering

The firm has teamed up with Titlesolv to provide cover on deals of up to £2m in case of any property title disputes during the legal 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.”

The news comes less than a month after HTB announced the appointment of two new lending managers and a business development manager to its commercial mortgages team.

Chris Taylor, chief executive officer at Titlesolv, added: “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. 

“Hampshire Trust Bank are certainly market leaders in terms of the service they provide and we look forward to our partnership in providing brokers with finance in an efficient and reliable manner.”