Women more likely to struggle say National Homebuyers
Women are more likely to suffer financial difficulties than men, according to new research.
[UKPRwire, Thu Feb 07 2008] Abbey has revealed that women are less likely to keep their finances in check, particularly when it comes to mortgages.
It means that they are more likely to experience financial difficulties and could find themselves fighting to avoid repossession.
"There are a couple of key reasons why women end up being financially overweight versus men, and then there's probably a few underlying drivers," said Nici Audhlam-Gardiner from Abbey.
"The key thing is that women do less well in their finances than men at the moment.
"You could argue that maybe women have less time and they’re juggling more things and so they just make less time for their finances. And maybe also, they’re just less confident in them," she added.
Fast property sale expert Julian King adds, "Without adding to the gender debate, one needs to be aware of the overall downward spiral in the property market and therefore people's invidual worth decreasing at a daily rate of around £50 a day.
"Homeowners looking for a quick property sale to salvage their worth must act quickly".
Mr King is a director of National Homebuyers, the UK's leading quick property sale firm, guaranteeing to make a cash offer to purchase any property in the UK, regardless of its condition or location. The company also offers a series of other mortagage rescue schemes such as Sell and Rent Back.