StreamBank will add title insurance to all bridging cases up to £2m, which it says will speed up completions.  

The lender says new bridging cases up to this figure will now be quoted with title insurance unless specifically requested otherwise. 

It adds that the policy, provided by insurance firm Westcor, “is designed to help speed up the legal process by reducing the number of solicitor checks required”. 

The policy guarantees that the property title is free from defects, the lender has a valid and enforceable first charge, and the mortgage is secured on a good and marketable title.  

Title insurance is available for dual legal representation on refinance cases only, and for single legal representation on purchase and refinance loans. 

The lender adds: “This new feature provides brokers with a practical way to avoid delays, particularly on deals where timing is tight or the legal process is likely to be more complex.”

StreamBank managing director of lending Roz Cawood says: “Adding title insurance into the mix is a simple change that can make a big difference.  

“It gives clients peace of mind and allows brokers to deliver a smoother experience without sacrificing security.  

“This is especially valuable on smaller deals where delays can have a disproportionate impact.”