Females hit harder on mortgage payments: LifeSearch

Around 55% had protection cover

Jaskeet Briah
clock • 2 min read

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...

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