Landbay is now offering free title indemnity insurance on certain buy-to-let remortgage deals.

Qualifying remortgage loans of up to £1m and at 75 per cent LTV will receive the benefit, which the lender says will quicken access to funds through the streamlining of search processes.

It adds that doing this makes its remortgages a viable longer-term alternative to bridging finance.

TWM Solicitors partner and head of lending Julian Sampson says: “Title insurance, used effectively by a lender, can be a significant positive for any pipeline – both in terms of speed and cost.

“Many property owners will focus on the more obvious benefits in search savings, but in the specialist lending market there is also comfort to be had from the mitigation of risk in some of the trickier areas that sometimes blight investment properties – including planning use, structural alterations and conversions, as well as remediating leasehold defects.

“Landbay is an experienced lender and we are looking forward to extending the best use of title insurance to them to provide very real benefits to the borrowers and intermediaries alike.”

Landbay managing director of intermediaries Paul Brett adds: “For intermediaries, it also provides the opportunity of highlighting the importance of Title Indemnity Insurance to their clients to ensure they are protected against all eventualities.”