Real Life

Would You Stay In A Failing Relationship To Get A Foot On The Property Ladder?

It's a question we never thought we'd find ourselves asking but thanks to the current housing crisis it seems sacrificing a happy relationship to get on the property ladder is no longer out the question.

A study from L&C Mortgages found that 1.8 million UK adults have stayed in a relationship in order to buy a house.

In more depressing news, it seems the situation is set to get worse and worse. Their research predicts that within the next five years 7% of UK adults will be in an unhappy relationship just to keep a house.

Hardly surprising considering the soaring rent and house prices which make living alone, or having a mortgage without a partner, a near impossible feat.

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Their research also revealed that 44% of people who stayed with their partner so they could keep up with mortgage payments do so for a year longer than if they hadn't bought a house together.

'The fact that so many people view staying in a relationship they perhaps don’t want to be in as one of their only options for getting onto the housing ladder is indicative of the struggle people face when buying their first home,' David Hollingworth from L&C Mortgages commented.

'With such large sums needed for deposits and combined salaries often the only option to achieve the required mortgage, the temptation to stay with a partner is understandable.In the UK, we place a great deal of importance on owning our own home, and of course buying property is one of the biggest financial moves you can make – but it isn’t right that people are sacrificing their emotional wellbeing in order to focus on financial stability,' he added.

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