Research from mortgage broker Mojo Mortgages reveals that first-time buyers in the UK are postponing significant life milestones due to financial pressures associated with home buying. The findings indicate that the stress of saving for a deposit is affecting not only financial stability but also personal and professional lives.
How Are First-Time Buyers Affected?
According to the First-Time Buyer Sentiment Survey 2026, over one in five respondents (22%) reported remaining in unsatisfactory jobs longer than desired, driven by the fear of jeopardizing their financial stability. This sentiment reflects a broader trend where financial concerns overshadow personal well-being.
What Relationship Strains Are Emerging?
The survey also revealed that 16% of participants experienced increased arguments with partners related to saving for a home. Additionally, 13% admitted to staying in relationships longer than they wished, primarily due to the inability to afford living independently. Such dynamics can create significant emotional stress, complicating the journey to homeownership.
What This Means for First-Time Buyers in the Mortgage Market
For many first-time buyers, the pressure to save for a deposit is leading to extended rental periods, with 37% indicating they have rented longer than anticipated. This situation can hinder their ability to transition into homeownership, affecting their long-term financial plans. The emotional toll is also evident, as 19% reported delays in starting families and 9% in getting married. As the mortgage market continues to evolve, these personal challenges may influence buyer behaviour and market trends.
Frequently asked questions
What should first-time buyers consider when saving for a deposit?
First-time buyers should evaluate their financial situation, create a realistic budget, and consider potential impacts on their personal lives while saving for a deposit.
How can first-time buyers navigate relationship challenges while buying a home?
Open communication with partners about financial goals and expectations is important. Seeking professional advice can also help manage stress and improve decision-making during the home-buying process.