CHL - ups title insurance usage
CHL Commercial has increased its use of title insurance for commercial remortgages.
Effective immediately, CHL will increase title insurance on loans from £500,000 up to a new maximum of £750,000.
Title insurance protects both lender and borrower from any problems that may arise with the ownership or the legal title of the property.
“By increasing our use of title insurance on commercial remortgages, CHL Commercial is recognising that clients are currently seeking higher loan values and are also demanding faster turnaround times," said Mike Healy, head of commercial at CHL.
"Using title insurance delivers speedier delivery and added security for both lender and borrower."
“CHL would invite all advisers active in the commercial mortgage sector, and those considering their involvement, to speak with us to see how we can help grow their business in this potentially lucrative area.”
Brokers considering entering into the Commercial sector or wanting to find out more about their options are advised to subscribe to Mortgage Introducer's brand new publications, Commercial Finance Introducer.
Signing up will help advisers keep abreast of all the goings on in the sector, whilst finding the answers to all their questions on commercial mortgages, bridging, asset and invoice finance. Find out more about Commercial Finance Introducer