Exclusive: Titlesolv launches new development title product

Exclusive: Titlesolv launches new development title product



Leading title insurance provider Titlesolv has announced the launch of a product offering lenders title insurance for loans secured on development sites..

Leading title insurance provider Titlesolv has announced the launch of a product offering lenders title insurance for loans secured on development sites.

Titlesolv said: “’The Perfect Title for Development Loans Policy’ has been designed at the request of lenders to provide cover for title issues that arise in connection with the development for which they have provided cover whilst continuing to provide the other standard title, negligence and fraud covers included in the other Perfect Title Policies.”

The insurance includes cover for the purchase of a bare site, as well as the period during which planning consent is obtained.

It also covers the funding of the development on sites that have planning consent for development.

“Most title insurance policies cover continued use and exclude works carried out after completion, the unique aspect of this policy is that it covers works carried out after inception of the policy,” said Jill Forsyth, Legal Counsel & Compliance Manager at Titlesolv.

Maximum cover stands at £2m and the policy can be used when the loan is funded by stage payments during the development.

So far the policy has been welcomed by lenders especially those specialising in bridging and short term funding for which this policy is particularly relevant.   

To find out more, visit Titlesolv’s website here.

To read the latest industry commentary from Titlesolv, click here.


Titlesolv is the trading name of London & European Title Insurance Services Ltd authorised and regulated by the Financial Conduct Authority.


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