First Title is a UK based, FSA regulated insurance company, with strong financial ratings from the leading rating agencies across the industry, and is authorised and regulated to issue policies in the UK and over 30 countries throughout Europe.
Our Insurance protects owners and lenders from challenges against any defects in title - for example, restrictive covenants or defects in the legal access to land. Specialist covers such as judicial review, village greens and even de-commissioning of wind farms are also available.
Michael Wright
Business Development Director for First Title
Importantly First Title policies can also protect against unknown risks and unexpected challenges such as fraud and forgery, and are commonly used to overcome a lack of title reps and warranties, to improve saleability, to give comfort to a purchaser and their lender and to facilitate a clean exit strategy avoiding contingent liabilities.
And what happens if it all goes wrong and there’s a legitimate challenge to the title? First Title will defend the insured and, where possible, settle with the claimant. If that’s not possible the only way to resolve the problem may be through litigation. The insured can count on First Title to defend them but if the worst happened and the case is lost then they will be covered for the resulting loss in value, up to the sum insured, and importantly, all legal expenses will be covered too.
First Title’s range insurance products are used by Investors, Funds, Developers, Lenders, Lawyers, Administrators and Receivers as a key element in risk management strategies.
For more information visit: www.firsttitle.eu