The fast-track service is possible thanks to the availability of a single premium title insurance policy, which enables cases to complete with a significantly reduced title investigation. The service will be particularly attractive to borrowers who are refinancing and applying for loans of up to £500,000.
Rob Lankey, Managing Director of Aldermore Commercial Mortgages, said: "Applicants who are refinancing and require completion to take place quickly, are sometimes frustrated by delays caused by title investigations. By using title insurance, which is a single premium policy, we can fast-track applications and complete deals in as little as 5 days.
"We cannot guarantee that title insurance can be used in every instance because of varying types of property, but we will let brokers know as soon as possible if a case is suitable for this facility.
"This is another example of ways in which Aldermore is working to find ways to make life easier for brokers and their clients."
This facility is available to brokers who are registered members of Aldermore's commercial mortgage panel. For further information, registered brokers should either contact their lending relationship manager or a commercial mortgage manager on 01733 404518.
Information about the services available from Aldermore Commercial Mortgages can be found at www.aldermore.co.uk.
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