Supporting confident lending in a fast-moving market
In today’s lending environment, risk and speed are in constant tension. Lenders face mounting pressure to complete transactions quickly, while ensuring compliance, asset protection, and capital efficiency.
Perfect Title is Westcor’s solution for restoring balance.
Built to protect lenders and streamline transactions
Perfect Title is a single-premium title insurance policy that covers traditional title defects and property searches, along with the true unknowns attached to any transaction. It protects against everything from restrictive covenants and planning issues to fraud, forgery, and errors in the legal process, guaranteeing cover in the event the lender cannot perfect its security.
With cover available for across all asset types and use classes in the UK and Ireland, it offers up to £/€210 million in insurance capacity. It is backed by insurers rated AA- and A+, giving lenders and their funders peace of mind, supporting capital market trading and securitisation.
Every loan is insured by a policy benefitting from our unique six-month cure or pay promise, which means claims are either resolved or the unpaid principal balance, including legal fees and accrued and unpaid interest, is repaid within that timeframe. That certainty is unmatched within the title insurance market.
A better experience for lenders, lawyers, and borrowers
Perfect Title enables smoother, faster transactions that benefits all stakeholders involved in a property transaction.
- Faster time to completion helps avoid delays, revaluations, or expired offers
- Simpler legal processes reduce complexity and cut the risk of failed completions, whilst managing PI exposure
- Fixed-fee solicitors can work more efficiently and with greater certainty in terms of margins
- No last-minute requests for specific risk indemnities with uncertain costs or conditions
- Borrowers receive earlier offers and can move forward with confidence
Whether you are underwriting BTL mortgages, funding businesses or developers, supporting homebuyers, financing property portfolios or anything in-between, this policy helps ensure deals move quickly and cleanly through to completion.
Protection that reaches beyond the obvious
Perfect Title covers the risks that matter most, including the risks that are truly undetectable, including:
- Title issues such as boundary discrepancies, adverse rights, or defective leases and tenancies
- Transactional risks such as fraud, undue influence, duress, overriding interests, mental incapacity and forgery
- Regulatory concerns including missing planning consents, building control or architect certificates
- Third party negligence, even where other protections fall short whilst reassigning any contributory negligence to the policy
Where traditional certificates of title provide certainty as to the intended loan priority, enforceability and that the security has a good and marketable title, Perfect Title takes this further with an unequivocal guarantee as to the aforementioned points whilst also protecting against the truly unknown threats with a lender-first approach that can be tailored to match your risk appetite, products and internal procedures.
Confidence built on experience
Westcor has supported lenders for over 20 years with specialist title insurance products. According to Marc Goldberg, CEO of Group Sales and Distribution at Together Money:
“We have partnered with Westcor International for nearly 20 years, and throughout that time, they have proven to be a trusted and invaluable ally for our title insurance. Their Perfect Title policy has consistently delivered, with numerous claims handled efficiently and fairly over the years, providing true peace of mind. Our confidence in Westcor has been so strong that we have recommended them to peers across the industry. Westcor’s commitment, reliability, and understanding of our needs have made them an essential part of our success story.”
If you are looking for a way to close more loans, reduce delays, and improve outcomes with greater protection, Perfect Title is the only solution.
Speak to our team to find out how this solution could support your lending strategy or click here to find out more.
