Source: Fintech Global
The primary goal of this partnership is to significantly reduce lending times for new property purchases valued up to £1.5m with a loan-to-value (LTV) ratio of up to 60%.
The initiative will also extend to any refinance application, regardless of the loan amount or LTV, aiming to streamline the legal process and expedite mortgage completions.
Adam Preston, senior operations manager for commercial mortgages at Allica Bank, expressed enthusiasm about the partnership, commenting, “We’re delighted to introduce Westcor’s Perfect Title insurance into our commercial mortgage proposition. This is going to have huge benefits for clients and our brokers enhancing both the speed and certainly of the transaction.
Read full article: https://fintech.global/2024/07/01/allica-bank-partners-with-westcor-international-to-launch-title-indemnity-insurance-and-cut-application-times/
