Home / Business and Economy / 50 Years On: Women's Mortgage Freedom Celebrated
50 Years On: Women's Mortgage Freedom Celebrated
13 Dec
Summary
- Women gained the right to get mortgages independently 50 years ago.
- UK investment advice reforms begin in April with targeted customer support.
- New scheme aims to reduce energy debt for people moving homes.
This year marks a half-century since women secured the right to apply for mortgages independently, a change brought about by the Sex Discrimination Act in December 1975. This landmark achievement empowered many.
In parallel, significant financial sector changes are set to commence in April across the UK. The Financial Conduct Authority is introducing new regulations aimed at encouraging investment over holding cash. These reforms include 'targeted support' to help diverse customer groups manage their finances effectively.
Furthermore, the energy sector is launching a new scheme to alleviate energy debt, specifically designed for individuals transitioning to new homes. The energy regulator, Ofgem, is involved in this initiative.
