Buying a house a bigger commitment than marriage
Permalink: Buying a house a bigger commitment than marriage
by Gill Montia
Over a quarter of 25 to 34-year-olds in the UK believe that buying a house with someone is a bigger commitment than getting married, according to Halifax’s latest State of the Nation mortgages report.
The study also highlights a difference in ages when it comes to homebuying with partners; around 28% of 25 to 34-year-olds were married when they bought their home with their partner, compared to 73% of 35 to 44-year-olds.
Halifax mortgage director, Stephen Noakes, comments: “Those aged 25-34, who in the majority of cases would have been buying their first house during or after the financial crisis, have clearly been affected.”
He adds: “The fact that theirs is the only generation that thinks buying a home with someone is a bigger commitment than getting married speaks volumes.”
Other key findings from the research are as follows:
Four out of five homeowners questioned believe they would find it harder to get a mortgage if they were looking for their first house now.
When it comes to mortgage payments, just over one in 10 women pay more than half their average income on their mortgage, compared to only one in 20 men paying the equivalent amount.
Click here to discuss this: Home Move property forums
Related stories to: Buying a house a bigger commitment than marriage
Previous: « FSA warning on investment in overseas eco development
Next: Dream of homeownership shattered for millions »
Visited 2681 times, 1 so far today