The number of single women buying property has increased in recent years, however it’s clear women are still facing ingrained sexism and bias in the home loan application process.
Dr Kate Adams, the owner of Bondi Vet Hospital and cast member of The Real Housewives of Sydney, has shared her experience of dealing with a mortgage broker who incorrectly assumed she had earned her money from OnlyFans.
The broker told her that banks won’t consider income earned from OnlyFans in the loan approval process.
“I got a recommendation from a friend… called the guy,” Dr Adams said in a reel posted to Instagram. “He doesn’t know me from a bar of soap. And so I called him and say, ‘Hey, Mr Broker Guy, I was wondering if I could borrow some money and you might be able to help me with that’.
“And he says to me, ‘absolutely’. He said, ‘So how much do you need?’
“I tell him..it was a large figure, by the way. So then there’s silence on the phone. Silence. He says to me, ‘before we go down this path, I need to tell you that the bank will not consider income that is made from OnlyFans’.
“This guy thinks that I’m on OnlyFans. And he thinks the only way that women can actually make a crust in this world is if they’re on OnlyFans.”
Dr Adams said the broker went on to tell her: “I’m really sorry, but the bank will not loan any money to any woman that takes her clothes off on the internet.”
Dr Adams then revealed to the broker she was the owner of Bondi Vet Hospital and had not earned money from OnlyFans.
“Well, isn’t it lucky that I’m not on OnlyFans? I’m sorry. I don’t think I introduced myself. I’m Dr Kate Adams,” she told him.
In her reel, Dr Adams said the system is still set up so that men do not have to explain themselves or where their money comes from, but women do.
“What if I wasn’t Dr Kate Adams, what if I was just some other person that had earned money, not on OnlyFans?” she said.
“There’s plenty of women out there with great jobs that are not earning money on OnlyFans and didn’t only get their money from the one place that, apparently, men think we can get money.”
Dr Adams went on to point out that there also shouldn’t be anything wrong with earning money from OnlyFans, and it shouldn’t impact what you can and can’t borrow.
“Money’s money,” she said.
Earlier this year, New Zealander Layla Kelly said she had been rejected by a bank for a home loan because she had earned some money through OnlyFans.