As society changes and women start to catch up with men in terms of wages, the time has come for lenders to sit up and start considering women as a target audience.In our cover feature starting on page 38, Linda Will, managing director of Accord Mortgages, says her firm recently had to change its advertising because it was seen as being too macho and did not appeal to females. If a lender’s advertising is not female friendly it runs the risk of alienating would-be customers. For more female customers to enter the market, the industry itself must welcome a female presence and make sure it does not make women feel uncomfortable about seeking mortgage advice. The Women’s Financial Adviser Group was set up to help tackle this problem. Its founder Fiona Price believes women bring something different to the profession, and the number of male advisers reaching retirement age means the opportunities are there for women. But lenders such as BM Solutions have come under fire for using women as promotional aids and been accused of alienating female advisers. As society evolves, so the mortgage industry will have to adapt. Lenders such as The One account have already identified a new breed of woman called SASSY, who is Smart, Ambitious, Self-sufficient and Young. And it will not be long before other lenders home in on this market. But lenders will have to be careful they do not patronise women by offering them female orientated incentives. And women will must make sure they do their homework before buying a property. With more than 23% of today’s mortgages being taken out by women – and this number set to rise – this may not be a man’s world much longer.
- Top trends
Abbey has cut the rates on its flexible mortgage range. All Abbey Flexible Plus mortgages now offer help towards valuation and legal fees. Flexible Plus Deal for Life is now available at 4.99%, and Standard Flexible Plus is available at 5.25% with a low fee of 199Lal Tawney, head of mortgage marketing at Abbey, says: […]
Bradford & Bingley is recommending home owners change their locks as soon as they move into a new property as this is the only way to be 100% sure of knowing how many keys there are to the property.
A three-page form to help pensioners claiming help with Council Tax has been launched by James Plaskitt, minister for benefits, today. Plaskitt says the new form is part of the government’s commitment to making sure that extra money gets to the people who need it most. Speaking at the IRRV conference in Manchester, Mr Plaskitt […]
Infinity Mortgages, the sub-prime mortgage lender, has announced its first mortgage completion under its own sole brand.Infinity is funding its mortgages through a financing deal with Investec, the specialist banking group listed on both the London and South African Stock Exchanges. This deal is Investec’s first venture into the UK’s sub-prime mortgage market.Matt Gilmour CEO […]
Health Shield has strengthened its position in the UK health cash plan market, delivering strong organic growth for the fourth year running, as confirmed in the latest market research from Laing & Buisson.
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