Castle Trust Bank increases Title Insurance limit
20 October 2023
Castle Trust Bank has increased the maximum loan size on which it can use Title Insurance to expedite the process from £2m to £3m.
The specialist bank is now able to use Title Insurance to speed up transactions on its Bridge and Light Refurbishment bridging products on loans up to a maximum value of £3m.
Anna Lewis, Commercial Director at Castle Trust Bank, said: “Having a comprehensive title insurance policy in place enables a lender to focus on underwriting the fundamental elements of a bridging case and this supports a more efficient and effective application process. It also makes possible some transactions that would otherwise be impossible, where there are complicated legal issues surrounding the security.
“This gives a lender greater certainty and it means that we can, in turn, provide greater certainty to brokers and their clients. Increasing the maximum loan size available to use Title Insurance to £3m is a firm signal that at Castle Trust Bank we are ready and willing to provide fast access to bridging finance on high value and often complex cases.”
