Titlesolv UK and Ireland joins the Westcor family and UK subsidiary Westcor International
Posted by: Westcor International
Set up only 15 years ago, Westcor Land Title Insurance Company based in Maitland, Florida is now the fifth largest title insurance underwriter in the United States and the number one independent title insurer. Westcor International set up base in the UK just three years ago and received FCA authorisation in 2018. Its vision is to become the UK's most prominent specialist MGA for insuring land.
CASE STUDY: Our Perfect Title Policy protects our clients if their property's land value plummets, leading to unexpected costs
Posted by: Westcor International
Our lender client was protected under our Perfect Title Policy when the developed value of the land plummeted from over £260K, due to an unknown underground pipe, owned by the Water Authority.
CASE STUDY: Protecting our residential clients from unexpected breaches occuring on their property
Posted by: Westcor International
Our Perfect Title policies can give you piece of mind and protection if an unexpected breach occurs on your property
CASE STUDY: Protecting our lenders against fraudulent borrowers
Posted by: Westcor International
What triggered the claim? The Lender was approached by Mr M for a short term loan to be secured as a second charge against the Property he jointly owned with his mother, Mrs Y. Once the loan was complete, Mrs Y would relinquish her interest in the property and Mr M would become the sole owner. Mr M was living at the property with his wife and Mrs Y and confirmed that they would be letting the property out and produced a tenancy agreement to reflect this. 6 months later, Mr M defaulted on the loan. The lender discovered that not only was Mr M still living at the property, but Mrs Y alleged that she had no idea why the property was no longer in her name, that she didn't know the solicitors who had acted on her behalf and that she did not understand the documents Mr M had asked her to sign.
Our Perfect Title policy protects lenders at times like this
Posted by: Westcor International
We have been asked a numerous times this week whether the lender or the solicitors (on either side of the transaction) must to see their clients face to face. If you are a lender or solicitor acting in a transaction and taking advantage of our Perfect Title policy there is no requirement for face to face meetings in this time of recommended isolation.
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