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‘Buying with a partner may be the only way on to the housing ladder for many’

By Vicky Shaw, Press Association Personal Finance Correspondent
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‘Buying with a partner may be the only way on to the housing ladder for many’

On average, people think it will take them around five years to own a home , a survey by Skipton Building Society found.

Nearly a third of people who are not on the property ladder think the only way they will be able to afford to buy a home is with a partner, a survey has found.

Some 31% think the only way they will be able to buy a home is as a couple, while one in 10 (10%) believe they will never be in a position to purchase a property, according to research by Skipton Building Society.

On average, those polled believe it will take them around five years to own a home.

When choosing a place to live, would-be home-buyers said being close to shops would be the top location priority – ahead of being near family or work.

  • Property not being clean
  • Poor internet speed
  • Property not having outdoor space
  • Property not having a scenic view

The biggest turn-offs for aspiring home-buyers would be a property not being clean, poor internet speed and not having outdoor space or a scenic view, the survey found.Meanwhile, a quarter (26%) said estate agents showing them around unsuitable properties was a frustration, and 13% were vexed about focusing their property search.

The research also questioned people who have bought a home – and found a quarter (24%) based their decision to purchase on “gut instinct”.

One in 12 (8%) home-owners said they let their partner make the final choice when they bought their property.

Skipton has created a free first-time buyer scorecard on its website, to help people focus when making their property search.

Kris Brewster, head of products at Skipton Building Society, said: “A property choice is the biggest financial decision most of us make in a lifetime and, understandably, people want to get it right the first time.”

More than 2,000 people were surveyed across the UK.