Single men avoid house buying and couple up to get on the ladder

Posted 2008-02-10

Single men are shunning home buying but the number of couples buying houses is shooting up, figures say.
Research by John Charcol revealed the number of first-time purchases by couples grew from 45 per cent in 2006 to 50 per cent in 2007.Katie Tucker, technical manager for the firm’s website, Charcol.co.uk, said the number of men buying alone fell to match this shift, while the amount of women purchasing homes on their own remained stable.

Ms Tucker said: “Buying together is a very sensible choice in terms of affordability, not only for splitting the mortgage and the bills, but more cuddling up should save you on the heating.”

She added couples should rent first however, to make sure the decision to live together is watertight.
The Bank of England predicts demand for secured loans among British homeowners will rise in the first three months of 2008.

Leave a Reply