Helia Group Limited - HLI share price

About

Helia Group Limited is a provider of Lenders Mortgage Insurance (LMI). It also provides tailored risk and capital management solutions. Its LMI proposition protects lenders if a homeowner defaults on a home loan and the lender is unable to recover the outstanding loan amount from the sale of the secured property. Lender's purchase LMI for risk transfer and capital management purposes. LMI provides protection to a lender to help borrowers purchase a property with a smaller deposit. LMI protects the lender against the risk of potential losses, in case they are unable to make home loan repayments, and the lender is unable to recover the outstanding loan amount from the sale of the security property. This makes loans more accessible to people who are looking to buy a home with less than 20% deposit. Home buyers have a range of flexible options for paying the LMI cost to their lender. It also offers flexible solutions to support home ownership and provide options for covering the LMI cost.