Mortgage broker, Mojo Mortgages, has found that the proportion of sole mortgage applicants made by women has increased by 14% over the past five years to 41% in 2024 from 36% in 2020.
Mojo said that according to its internal data, there is a mixed picture as it found both "significant progress and persistent hurdles" that female homebuyers still face. It was more common for women to purchase a home between the ages of 25-34. Mojo said this age group accounted for 58% of female first-time buyers and 41% of female home buyers in general. Most solo female homeowners (74%) were now looking for remortgage options, with this shift suggesting that women are being more cautious about buying their first property, Mojo noted. The broker said this could be due to rising in...
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