First-time buyers in the UK are increasingly postponing significant life milestones due to financial pressures related to the mortgage market. A recent survey by Mojo Mortgages highlights how the struggle to save for a home is affecting personal and professional lives, with many feeling trapped in unsatisfactory jobs and relationships.
How are First-Time Buyers Affected?
The First-Time Buyer Sentiment Survey 2026, conducted among 1,000 participants, reveals that the financial strain of saving for a deposit is leading to significant personal sacrifices. More than one in five respondents (22%) admitted to staying in toxic jobs longer than desired, fearing that changing jobs could jeopardise their savings for a home.
What Relationship Strains Are Emerging?
Financial stress is also impacting personal relationships. Approximately 16% of those surveyed reported that the pressure to save for a home has led to more arguments with their partners. Additionally, 13% revealed they have remained in relationships longer than they wished because they could not afford to live independently.
Impact on the Mortgage Market
For first-time buyers, the implications are clear. The desire to own a home is influencing their life choices, including delaying marriage and starting a family. Nearly one in five (19%) indicated that their plans to have children have been postponed due to homebuying pressures. Furthermore, 15% have moved back in with parents to save money, a trend particularly pronounced among younger buyers aged 18 to 34, where the figure rises to almost 17%.
Frequently asked questions
What should first-time buyers consider when saving for a home?
First-time buyers should evaluate their financial situation, including potential job changes and relationship dynamics, as these factors can significantly impact their ability to save for a deposit.
How can financial stress impact relationships?
Financial stress can lead to increased arguments and dissatisfaction in relationships, as seen in the survey, where many reported that saving for a home has strained their partnerships.