Following a study that discovered three-quarters of people now view homeownership as a more significant commitment than tying the knot. The research delves into financial compatibility, long-term planning perspectives, and lifestyle choices before determining if individuals are prepared to make such a commitment.
"Having a clear understanding of each other's views on savings, debt, credit scores, and more is a great foundation when buying together. This is because when you take out a mortgage together you become financially linked. So, considering how this shared financial responsibility will affect both of you moving forward is very important."
However, before purchasing a property, 82 per cent of respondents said it's crucial to have lived together as a couple, with 87 per cent agreeing that you truly get to know your partner once you've cohabited. On average, those surveyed believe couples need two and a half years of living together before they are ready to progress their relationship further.
The research, conducted via OnePoll, found that these unmarried couples estimate they would need to save £27,000 for a deposit to buy a property. However, they predict they would need around £17,000 to get married. Despite this, 59 per cent believe they would struggle to afford both a wedding and a house deposit.