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.”
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