• We facilitate access to housing finance for lower income people through mobilisation and management of guarantees to organisations and institutions that provide homeloans in the lower end of the market.

•In the wake of the Aids pandemic HLGC has decided to face the challenge of Aids related default head on, by managing the risk through facilitating access to treatment.

• We provide guarantees where the risk cover is not ordinarily or affordably available from the commercial market. We manage our risk through active participation and intervention with borrowers and lenders.

• We provide housing finance related education and training to the affordable housing market.

All our services and guarantees are provided at a fee. The guarantee premiums are used only to create a provision from which claims are paid. Overheads and operational costs are funded through income from investments and fees from non-guarantee business.

While we have continued to provide our traditional cover to lenders – mortgage, non-mortgage and for housing associations – we have found that increasingly, lenders are inclined to look to us for comfort primarily for “tailor-made” guarantees. We have met the challenge of alleviating lender risk while retaining the sacrosanct principle of fundamental and sound underwriting practice.

Print Page