24 Jan

Couples prioritise buying houses for sale in UK

Couples prioritise buying houses for sale in UK

Couples are prioritising the commitment of buying property for sale in the UK out of "financial necessity".

First time buyers are putting a mortgage before marriage, according to research by Post Office Mortgages.

Over half of people either have, or would consider, buying a property with their partner before marriage.

This is more true for the 67 per cent of couples already renting a property together, who prioritise getting on the property ladder above walking down the aisle.

Post Office head of mortgages Mike Cook said: "Purchasing a property ... is of course a big commitment.

"With many first time buyers finding it hard to get on the property ladder, for some couples buying a house together before marriage is out of financial necessity."

In addition, 46 per cent of people in the south-east said they could only afford to buy with a partner, compared to 27 per cent in the north-west.

Home loans granted for people to buy property for sale in 2010 totalled £136.3 billion, the Council of Mortgage Lenders (CML) has revealed.ADNFCR-1222-ID-800359870-ADNFCR

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