: Genworth Comments On First-Time Buyer Lending

Patrick Bamford, Director – Mortgage Insurance Europe for Genworth, comments on the CML’s mortgage lending trends for November...

: Genworth Enters Into Agreement To Sell European Mortgage Insurance Business

PRESS RELEASE: Genworth Enters Into Agreement To Sell European Mortgage Insurance Business

: High-LTV lending slumps again

First-time buyers with relatively small deposits are finding it increasingly hard to get on the property ladder, new research shows.

: FTBs shell out £32,000 on deposits

First-time buyers typicallypaid £32,000 on a 20% deposit in June, the latest Genworth / Moneyfacts Mortgage LTV Tracker has revealed.

: South East and North West worst affected by collapse of first-time buyer numbers since the recession

The South East averaged 86,733 first-time buyers a year from 1974, when records began, up until 2006. But since 2007 when the financial crash hit, this has plummeted to just 47,863 a year. As a result, this has created a total shortfall of 310,967: the biggest of any English region and 11% more than the entire population of Brighton and Hove (281,100).

: Genworth comments on the latest CML figures

Help to Buy 2 could support an extra 200,000 first-time buyers a year - but it’s currently operating at just 13% of capacity.

: Help to Buy 2 far off capacity

The Help to Buy mortgage guarantee is a long way off running at full capacity, Genworth analysis has found.

: The push for higher LTV mortgages in buy to let - Genworth

There is a strong case for offering higher LTV buy-to-let mortgages, but lenders should be aware of the risk such a decision poses, Pad Bamford, business development director at Genworth Financial writes.
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