You are here: cherry > Press releases for July 2013 > Some comments from Angel Mas of Genworth following today�s meeting re: the Help to Buy mortgage guarantee scheme.

24 July 2013

Angel Mas, President of Mortgage Insurance, Europe at Genworth, said: �It appears that further details of the scheme were discussed today with lenders, but these details have not yet been published for broader scrutiny. It is very disappointing that the Government has persevered in reinventing, on the taxpayers� account, a private industry that already exists. By overlooking the role that specialised private mortgage insurance could play HM Treasury is not considering available options to reduce the risk to the Exchequer.�...

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