Halifax: Women leave men in charge of finances

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Halifax: Women leave men in charge of finances

Halifax has found that it is the men in a relationship who typically manage the finances when moving.

The study showed that 48 per cent of men sort out the finances when moving house alone, compared to 34 per cent of women.

However when it came to deciding when and where to move, the majority of couples (65 per cent) decided jointly.

Halifax found that older generations are less likely to consult their partners about moving.

Some 72 per cent of 16 to 24 year olds said they would decide jointly, while only 58 per cent of the over-65s will involve their partner or spouse when deciding to move.

Gordon Edwards, managing director at Halifax Estate Agents, recommended involving your partner in the decision-making process as "buying a house is the biggest purchase most of us are likely to make".

Recent research from Abbey Mortgages found that men are more 'financially fit' that women, particularly when it comes to mortgages.

The survey revealed that women are less likely to shop around for better deals on home loans than men.

ADNFCR-323-ID-18453113-ADNFCR

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