Title Insurance enables us to proceed without requiring the need for our solicitors to conduct a full investigation of the title.
InterBay Commercial, part of specialist lending group OneSavings Bank, has introduced title insurance for its developer exit product for loans up to £2m.
This recent change brings the developer exit product in line with its commercial and buy-to-let re-mortgage and purchase transactions.
Darrell Walker, head of sales, second charge and commercial, said: “Efficiency and speed of service are key requirements of our brokers and their clients, particularly so for developers who have just completed a project and are looking to exit via InterBay’s developer exit product.
“Title Insurance enables us to proceed without requiring the need for our solicitors to conduct a full investigation of the title, thereby resulting in increased time and cost savings for borrowers.”