We sit down with Reema Mannah, founder of the recently launched Incept, to hear more about the brand new insurtech that is causing waves in the UK real estate lending market.
What inspired the creation of Incept, and what obstacle in the property transaction process does the platform address?
The idea for Incept came from years of witnessing how outdated title due diligence processes slow down property deals unnecessarily. Property transactions are taking longer to complete than ever before, as such, the UK has one of the highest deal fall-through rates globally.
Delays due to legal and conveyancing issues are a major contributing factor. But with advances in automation and data analytics, we saw an opportunity to eliminate some these delays and empower lenders, funds, and buyers to move faster with confidence.
How does Incept’s algorithm-driven platform differ from traditional title insurance solutions?
Traditional title insurance relies heavily on manual processes and static data. Title due diligence typically involves manually reviewing the property’s title deed to confirm legal ownership and any restrictions. Then you need to check for any encumbrances such as mortgages, liens, easements, or covenants that could affect the property's use or value. It’s no wonder this results in delays.
Incept, however, is built on a live data feed direct from the Land Registry, enabling real-time underwriting and significantly streamlining the process. Our platform generates on-demand, all-risks policies in seconds, whether for a single asset or an entire portfolio, saving both time and money.
Who stands to benefit most from Incept, and how are you seeing early adopters use it?
Incept is built for mortgage and bridging lenders, real estate funds, renewable energy funders, and auction houses. We expect early adopters will be those most in need of streamlining transactions and mitigating risk, especially in time-sensitive deals like auctions or renewable energy projects.
What role does automation play in improving risk management for lenders?
Automation ensures consistency, speed, and accuracy. By removing manual bottlenecks, lenders can underwrite with greater confidence and agility. It’s more than speed, it’s also about empowering users to make smarter, data-backed decisions that reduce exposure and mitigate risk.
Looking ahead, what role will Incept play in the evolving UK property finance landscape?
We’re just getting started. As more stakeholders embrace digital transformation, we see Incept becoming a standard part of the property transaction lifecycle. Our goal is to make title insurance not just faster, but smarter and more accessible right across the board, removing some of the obstacles that are otherwise holding back the UK real estate lending market.
