Wanted, a Tinder for home-buying: 14% of young Britons would buy with a complete stranger to get on the property ladder
One in seven younger Britons would buy a house with a total stranger to get on the property ladder, as the vast majority fear they will never get the chance to buy their own home.
With 83 per cent of 18 to 40 year-olds positive they will never be afford a home on their own, 14 per cent said they would buy with someone they did not know personally. A smaller 4 per cent said they would buy a home with a ‘mate from the pub’, while one in 20 would even consider buying a home with a former partner.
Eighty per cent said they would be willing to co-own and share a property with someone who was not their partner if it meant they could get on the housing ladder.
Three-quarters of younger Britons said they wanted to buy a house to live in, rather than as a buy-to-let opportunity, HSBC’s latest findings reveal.
While the number of first time buyers reached a 10-year high last year, cheap mortgage deals are rapidly disappearing.