 |
|
|
|
Asset Title
Title insurance is now available to those lenders providing loans to businesses secured against the tangible assets of the business including business leases.
The CLS Asset Title Policy provides added protection to lenders taking debentures, non-specific charges or where there are no real estate assets belonging to the borrower.
The policy covers any asset which has a value in excess of £500 and additionally provides cover in such instances as:
- The loan documentation may not have been properly executed
- The charge is properly executed, secured and registered
- There is an error on the part of completing solicitors
- The assets are owned by the business and are free from any prior charge
- Fraud or forgery
The Asset Title policy provides the added protection to the normal due diligence which is carried out or can replace some of those tasks to either speed up the lending process or reduce some of the costs within that process.
The policy can also be used in conjunction with CLS Lender’s Title Policies where there are also real estate assets or secondary charges are taken against director’s or proprietor’s residential property.
For more information email enquiries@clstitle.com or call 01732 897_530
|
|
|
|
|
|
|
|
