Market Financial Solutions has expanded its title insurance across a broader range of its residential bridging and buy-to-let (BTL) mortgage products.
Title insurance is a form of indemnity insurance that protects lenders and borrowers from financial loss sustained from defects in a title to a property.
By using title insurance across its products, Market Financial Solutions says it can reduce the time taken to process applications and deliver loans to clients.
The lender will now be providing title insurance on its residential BTL mortgages and bridging financing for both purchases and refinancing up to a loan size of £3 million, subject to eligibility.
Borrowers will be eligible for title insurance if they are an individual who is a UK national or a passport holder of any country in the European Economic Area (EEA), Channel Islands, Switzerland, USA, Canada, Australia or New Zealand.
Market Financial Solutions chief executive Paresh Raja says: “We are always looking for ways to reduce friction, improve speed and make brokers’ lives easier. Title insurance is a great example – we first introduced this in early 2024 and are pleased to expand its coverage across our residential products, both bridging and BTL.”
