1
Jun
One in three consumers 'wait until marriage to buy a home'
Many consumers in the UK wait until they are married before they
make their first step onto the property ladder, it has been
suggested.
According to new research by Santander Mortgages, over the last
five years, 29 per cent of all first-time buyers have waited to tie
the knot before getting an abode.
This equates to around 716,400 individuals, the firm went on to
note.
Despite this, around 37 per cent of people who have gone through
the conveyancing process over the course of this
time have done so alone.
This is an increase compared with figures noted before the 1980s,
when one in ten first-time buyers bought by themselves.
By the 1990s, this had gone up to 32 per cent and the proportion
has continued to rise to the present day.
Recently, Steve Turner, head of communications at the Home Builders
Federation, suggested that more properties should be constructed in
Britain to help those looking to buy homes.
