Family or work - where would FTBs rather live closer to?

Family or work - where would FTBs rather live closer to?

New research by Principality Building Society released today has found that FTBs are prepared to forget the family and would rather live nearer the office.

Whether we’re dashing to meetings or checking work emails on our smartphones before we’re out of bed in the morning, Britain is becoming a nation of ‘workaholics’.

In a survey polling 2,000 first time buyers across England and Wales – dubbed ‘First Time Triers’ by Wales’ largest building society – unsurprisingly location ranked as the most important factor to three quarters of first time buyers surveyed (75%).

Results showed that over a fifth (21%) of prospective homeowners would compromise living near to their family over proximity to work (15%), suggesting that popping into the office is easier than getting to family get-togethers.


The results also showed that first time buyers would even put proximity to shops (14%), transport networks (12%) and being close to a city (13%) over being able to nip over to mum and dad’s quickly.

Principality Building Society’s Customer Director Julie-Ann Haines said: “First time buyers are working harder than ever to make sure they’ve got money in their pocket to afford and secure a house. We’re pleased to see that these future homeowners understand the realities of buying a house and are willing to make compromises on the way to putting that deposit down.  It seems these first time buyers would rather be late for lunch with the family than a 9am meeting.  We wish them luck telling their mums!”

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Latest Comments

MBM Homelets
MBM Homelets 23 Mar 2017

Although this is a very positive step, there is little or no guarantee of the standard of workmanship employed by the tenants. We have had experience of a professionally decorated property being ' painted'...

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ajay
ajay 21 Mar 2017

How is the "robust evidence" looking now?

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NathanG
NathanG 20 Mar 2017

I've been watching the series so far and am completely baffled by the cases that were presented. Though, I don't think that we can protect ourselves from every scam possible - it will just make the scammers...

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Landlady14
Landlady14 01 Mar 2017

You would think so Niraj Shah! My experience only proves that there are varying qualitiers of professional in all aspects of property letting. None of the ones I have dealt with, from letting agents to...

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Mark
Mark 01 Mar 2017

Thanks for this article. Hopefully one day everybody's lifestyle will be eco-sustainable.

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Ben Taylor
Ben Taylor 28 Feb 2017

I was convinced that London was the most expensive!

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Alan Read
Alan Read 28 Feb 2017

Australia are leading the way in this I think. The trouble with Britain is we don't get enough sun to make use of solar power.

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James Powell
James Powell 27 Feb 2017

This is a very good news.

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DanHumphreys
DanHumphreys 27 Feb 2017

It sounds like a good idea. Anything to help the younger generation get a foothold.

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Matt
Matt 20 Feb 2017

Is this fake news?

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Matthew Hollywood
Matthew Hollywood 07 Feb 2017

Matthew Hollywood - Director Mishon Mackay Land & New Homes - Brighton The shortage of New Homes is in part effected by the lack of land sales. Land sales are held back because there is a disparity between...

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CommercialTrust
CommercialTrust 30 Jan 2017

Hi Graham, Would be interesting to see the above figure calculated against an investment via a Lt Company /SPV structure and if the investor found themselves pushed in to the higher tax bracket. Mortgage...

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