Research by LifeSearch and HomeOwners Alliance has found that female mortgage holders could be shouldering more of the strain when it comes to homeownership.
According to its survey of over 500 UK mortgage holders, LifeSearch said women may not only be more vulnerable to sudden income loss than men but were also more likely to make sacrifices to keep up with mortgage payments. If their income stopped due to illness or injury, 14% of women said they would fall behind on mortgage payments immediately, compared to 6% of men. Within two months, 27% of women said they would be in difficulty, compared to 14% of men, with 51% of women and 39% of men stating they would struggle to keep up after six months. As such, female respondents detailed t...
To continue reading this article...
Join COVER for free
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.