Men take Financial Control when Moving Home
Women are more likely to sit back and let their man take charge of finance and organising debt when moving home. Research from Halifax Estate Agents shows that 48% of men in a relationship will typically take financial control, compared to 34% of women.
But most couples are equal when it comes to decisions to move home, as 65% of UK co-habiting adults will make a joint decision when deciding to sell or move, whether buying a new home together or renting a property. Yet only 36% of couples are equal when sharing the responsibility of their finances. Joint decisions tend to decrease with age, 72% of 16–24 year olds prefer to make a joint decisions, compared with just 58% of over 65s.
Gordon Edwards, managing director, Halifax Estate Agents, said: “Buying a house is the biggest purchase most of us are likely to make. If you are deciding to sell your home, purchase a new property or sorting the finances for a move, it’s important to involve your partner in the decision-making process.”