Couples are increasingly buying a home together instead of marrying to demonstrate their love for each other. So effectively we are showing our commitment for each other with mortgages not marriages .
New Alliance and Leicester Mortgages research shows that buying a house and taking out a home loan together is the new symbol of love and commitments, even if it is somewhat more expensive than a wedding ring .
The bricks and mortar of a house is the new set of marriage vows, with even single people wishing to put off purchasing their first property until they have found ‘the right one’ so the research highlights.
28% of single first-time buyers delay buying a home until they meet their life partner, with 39% of them considering that sharing a mortgage to be symbolic of love and commitment.
Couples who are renting together, however, do not hold the same idyllic view.
More than 1 in 7 cohabiting couples would choose not buy a house with their partner, with 1 in 4 considering this to not be the right time in the relationship" to invest in a home .
1 person in 6 of renting couples would prefer to buy a house themselves. A quarter of singletons would prefer to buy a house with a friend, with 38% wanting to buy a house irrespective of their love life .
A further 28% of singletons just do not know nor trust anyone enough in order to buy a property with.
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Couples Commit to Mortgages not Marriages Thu, 13 Apr 2006
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