Shawbrook Bank has announced the availability of title insurance for residential purchases as well as for remortgages.

It believes it can speed up the time it takes to process applications and deliver finance.

The title insurance can also be applied to HMOs and multi-units.

Karen Bennett, sales and marketing director of commercial mortgages at Shawbrook Bank, said: “We’re constantly looking for ways to help our brokers, making all parts of the process more efficient.

“Title insurance has allowed us to move very quickly on remortgages and we’re pleased now to be able to offer it on new purchases as well.”

Jason Rogerson, managing director of Liquid Funding, has been using title insurance with clients.

He said: “Shawbrook is always on the lookout for ways to help brokers close deals faster and this move hits the nail on the head. I can thoroughly recommend title insurance, it’s an excellent tool to have to hand. When I need to push cases through to completion quickly it can save vital time.”