Women 'looking for home loans without men'

Tuesday 03 May 2011

Article by Mozo

A growing number of women are opting to compare home loans and get onto the property ladder by themselves, according to recent figures.

Women 'are looking for home loans on their own'

Data from Rams Home Loans revealed that almost half of the sole home loan applications now come from women, whereas 18 months ago and earlier, the figure was about 30 per cent, reports the Australian.

Melos Sulicich, chief executive of the firm, revealed that women applying on their own were not necessarily single.

However, the expert noted that a number of them were newly single and involved in refinance deals.

Kate Beecroft, who purchased a home by herself last year, said: "I knew the longer I waited, the more prices would go up."

This comes after John Symond, managing director of Aussie Home Loans told the Australian Associated Press that the market is likely to be dominated by buyers over the next six months, particularly with homes valued at $700,000 or more.

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