Solo buyers now account for the majority of aspiring homeowners, according to new research that suggests the traditional image of couples buying their first home together is rapidly changing.
A survey by affordable homeownership portal Share to Buy found that 60% of prospective buyers are planning to purchase a property on their own rather than with a partner or family member.
However, the findings also reveal a significant confidence gap, with almost two-thirds (64%) believing that homeownership is not realistically achievable for single buyers on the open market.
The research highlights the growing challenges facing single-income households at a time when affordability remains stretched and deposit requirements continue to rise across much of the UK.
FINANCIAL INDEPENDENCE
Despite those barriers, many solo buyers remain determined to achieve homeownership independently.
More than three-quarters of respondents (76%) said they are not receiving financial assistance from parents or family members towards a deposit, while 64% said they would not consider taking in a lodger to help cover mortgage costs.
The findings suggest that many aspiring homeowners are prioritising financial independence and sole ownership, even if it means a longer journey onto the property ladder.
AFFORDABILITY BARRIER
According to Share to Buy, the average first-time buyer deposit now stands at around £124,688 in London and £61,744 in the South East. Even in the North West, where property values are generally lower, buyers still require an average deposit of almost £40,000.
For single buyers relying on one income, these sums can present a significant challenge when combined with mortgage affordability assessments and rising living costs.
The survey points to a growing disconnect between how people want to buy and how the housing market is structured.
SUPPORT OPTIONS
Jade Turnstill (main picture), Head of Brand and Content at Share to Buy, says: “More people are planning to buy on their own, but the housing market hasn’t necessarily adapted to that reality.
“For many single buyers, affordability barriers remain significant, particularly when relying on one income to secure a mortgage.”
She adds: “What this data shows is a clear determination among aspiring homeowners to achieve independence.
“However, it also highlights the importance of affordable homeownership schemes and support options that can help level the playing field for single purchasers.”
