Castle Trust Bank has increased the maximum loan size on which it can use title insurance from £2m to £3m.
Title insurance is a type of indemnity insurance that protects lenders and homebuyers from financial loss sustained from defects in a title to a property.
The lender will be able to use title insurance to quicken transactions for its bridging and light refurbishment bridging products on loans up to £3m.
Anna Lewis (pictured), 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.”
She added: “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.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.