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A recent survey reports that first time buyers are sacrificing health, relationship and careers in an attempt to get on the property ladder!
These figures are taken from this year’s First Time Buyer Index research provided by Aldermore.
The research has shown that 47% of recent first time buyers have had to rebuild their lives due to compromises made to buy a home, compared with 40% in 2017. To add to this, 46% of first time buyers have cited the buying process of causing issues in their relationships (this has increased from last year’s figure of 34%).
The most concerning part of Aldermore’s research provides that 52% of home-buyers were made ill by the stresses of buying a new home, which has risen significantly from last year’s figure of 35% of buyers.
Nicky Lidbetter (CEO) of Anxiety UK has commented that he is not surprised to hear that wellbeing has been adversely affected through the house buying process and also notes that:
“for first time buyers, typically young people, this big life event can come at a time when people are already coping with other life stressors including maintaining employment, building relationships and starting a family.”
At Myerson, we appreciate that buying a home is probably one of the most stressful experiences you can go through, especially if you are buying for the first time. This is why we pride ourselves on providing a high-quality service by providing a bespoke residential property service to suit your needs.
In addition, we do not deal in bulk residential conveyancing or use automated systems to manage your transaction. This means you will never have to deal with a call centres when calling for an update and you will always speak with someone who is aware of what is going on with your file. If any issues do occur in the transaction, we always act in a responsive way to offer you proactive advice going forward.
If you would like to speak to Myerson about buying or selling your home, please call 0161 941 4000 and ask to speak to a member of the Residential Conveyancing team.