Level of joint buyers spikes in 2007
The number of partners buying homes together shot up in 2007, new research from John Charcol shows. The number of first time buys made buy couples grew by 45% in 2006 and 50% in 2007. The number of men buying houses alone fell to match this shift, whilst the number of women buying alone stayed roughly the same. Kate Tucker of John Charcol 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!”
Ms Tucker added that it is prudent for couples to rent first, to ensure the decision to live with their partner is the right one.
As well as the level of joint buyers rising the market for secured loans is set to rise; The Bank of England has predicted that demand from householders for secured loans will rise in the first quarter of2008.