Some 16% more women than men that are hoping to buy have dreamt about becoming a homeowner.
Women are more likely to have dreamt about homeownership than men, according to Aldermore’s First Time Buyer Index.
Nearly nine out of 10 women (87%) hoping to buy have dreamt about becoming a homeowner, compared to 71% of men.
However women are also more likely to feel these goals are unachievable according to the research.
Sue Hayes, managing director - retail finance at Aldermore, said:“It is concerning to see the barriers to homeownership having a greater impact on women.
“We need to address financial inequality in our society to help tackle gender disparities so that becoming a homeowner is achievable for all.
“The house buying journey is a stressful one and can feel very overwhelming for new homeowners.
“The industry needs to work together to provide a straightforward process and remove hurdles for all first-time buyers.
“At Aldermore, we offer a variety of product choices and personal service to give first-time buyers the best possible options in a challenging market.”
Women are reportedly more likely to perceive renting as too expensive and see saving for a deposit as the biggest obstacle to buying a home.
Women are also less likely to foresee applying for their first mortgage alone at 26%, compared to 39% of men.
In terms of the Bank of Mum and Dad, 23% of women stated they will raise a deposit with family help compared to 28% of men.
