The rising costs associated with entering the mortgage market are causing first-time buyers to postpone significant life events, according to a recent survey by Mojo Mortgages. This trend highlights the broader impact of financial pressures on personal decisions, as many individuals are prioritising homeownership over their well-being and relationships.
TL;DR: Over 22% of first-time buyers are enduring toxic jobs to save for a home; this financial strain is delaying life milestones such as marriage and having children.
How Are First-Time Buyers Affected?
The Mojo Mortgages First-Time Buyer Sentiment Survey 2026, which involved 1,000 participants across the UK, reveals that many first-time buyers are experiencing significant stress related to their home-buying aspirations. More than one in five respondents (22%) reported remaining in unsatisfactory jobs longer than they wished, driven by the need to maintain financial stability while saving for a deposit.
What Life Events Are Being Delayed?
The survey indicates that financial pressures are not only affecting employment but also personal relationships. Approximately 16% of respondents stated that saving for a home has led to increased arguments with their partners. Additionally, 13% admitted to staying in relationships longer than desired due to financial constraints, while 19% noted that their plans to start a family have been postponed. Furthermore, 9% reported delays in marriage, and 15% have moved back in with their parents to save money.
What This Means for the Mortgage Market
For first-time buyers, the implications of this survey are profound. The struggle to save for a deposit is reshaping their life trajectories, with many prioritising financial goals over personal happiness. This trend could lead to longer renting periods, increased reliance on parental support, and potentially strained relationships, all of which may affect the overall housing market as demand shifts. Buyers should stay informed about current mortgage rates to make informed decisions.
Frequently Asked Questions
Why are first-time buyers delaying marriage and children?
Financial pressures from saving for a home are causing many first-time buyers to postpone marriage and starting a family, as they prioritise stability over personal milestones.
How can first-time buyers improve their financial situation?
First-time buyers can explore options like improving their credit scores, considering shared ownership schemes, or seeking advice from mortgage brokers to better navigate the mortgage market.