Alan Smith, Managing Director of L&E, comments: "There are over two million property transactions per year and 20% of these have a title defect - leading to a daily headache for conveyancers. Our research of leading conveyancers revealed a strong desire for a fast, easy to use web-based service with no complicated agreements and as little paper as possible to
remove the headache. We've designed titlesolv to do just that, as well as speed up and secure the property transaction process.
"titlesolv offers the fastest and simplest solution to an everyday problem - providing instant quotes and immediate cover for search indemnities and title defects without the need to enter into an exclusive agreement. Following a simple online registration process, conveyancers can buy several different policies in just one visit to the site and quotes can be saved for up to three months if required. And we've removed as much of the administrative burden as possible, enabling firms to set up accounts from the first time they visit the site - giving them access to instant cover."
titlesolv offers optional inflation protection on the limit of indemnity and provides cover
across the UK including Scotland and Northern Ireland. It also provides limits of indemnity over £1 million, one of the highest levels of indemnity available to solicitors in the UK. And to address the comment frequently raised during the research process that other services offer a confusing range of policies with overly complex wordings, L&E has created a series of
generic covers to make it easier for conveyancers to select the right policy to suit their needs quickly and efficiently.
Richard Waller, partner at TLT Solicitors comments: "It is refreshing to work with a service provider that takes the time to understand the challenges a conveyancer faces every day, and who then takes action. Our comments and "wish lists" were all taken on board - both at the research stage and in product testing. It's quick. You can browse without having to sign up and if you do set up an account, you can get a policy in less than 3 minutes. I'm delighted with the speed, simplicity and service delivered by the site."
