Family Building Society, part of National Counties Building Society, which launched just over two weeks ago, is one of the latest building societies to choose Genworth’s insurance policies.
Simon Crone, vice president, mortgage insurance Europe at Genworth, said: “While the launch of Help to Buy 2 by the Government has provided much-needed impetus in terms of the provision of high LTV mortgage lending in the UK, it has been apparent for some time that it was the building societies operating outside the Scheme who were leading the way in terms of both product design and pricing.
“This new relationship with the Family Building Society proves that societies are at the forefront in this market and are also committed to exploring new niche areas in order to support those potential borrowers who might otherwise have very few mortgage options available.
Keith Barber, associate director, business development at the Family Building Society, said: “We chose Genworth as our preferred partner for the provision of mortgage indemnity given their fit with ourselves and their experience in the UK market.”
