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Mums least likely to be approved by banks for loans and mortgages Posted by Emma

From Made for Mums
November 14, 2011

Women, especially new mums and pregnant women, are being let down by banks, according to a think-tank report by Cambridge professor Noreena Hertz.

Deputy Prime Minister Nick Clegg has promised to investigate the claims that women are more likely to be denied loans and mortgages because of their gender.

Though the banks deny the claims, Professor Noreen has evidence of maternity leave has affected mortgage applications by women and of banks rejcting women on discovering their pregnancy.

Evidence also suggest that female business oweners are offered loans at worse rates than men, paying up to 1% more than their male counterparts.

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