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

Oliver Conway
Oliver Conway 18 May 2017

Making a neat inventory is a good idea, but if the seller is not willing to provide it, can the buyer demand it?

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Bertrand
Bertrand 17 May 2017

First step to nationalisation of the private rented sector IMHO. Nanny state poking their noses into things yet again. I object, as a decent landlord, sometimes having to deal with some pretty awful tenants,...

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Izzy
Izzy 16 May 2017

This is such a great a post. I love the detail you've gone into. It's a very useful article for helping those who are looking at deciding which sector they would like to go into! When I first started investing...

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paul burnham
paul burnham 30 Apr 2017

Jeremy Corbyn's pledge that a Labour government would build 500,000 new council houses must electrify the general election campaign. Reliance on markets and the profit motive has brought huge housing-related...

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CommercialTrust
CommercialTrust 28 Apr 2017

Sadiq Khan?s announcement of an online database of landlords and letting agents who have been convicted of housing offences, appears on face value to be a variation of the already implemented Database

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warren
warren 26 Apr 2017

You're very welcome Mary! Glad you enjoyed them :)

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Mary Ward
Mary Ward 26 Apr 2017

Thank you for the wonderful ideas. First impressions can make or break a deal. It's sadly that many homeowners drop the kerb to create an off-street parking space.

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Tony Gimple
Tony Gimple 14 Apr 2017

I'm not at all surprised that so many landlords are still confused about what the tax changes really mean and how it will affect them. In particular, the blind rush to incorporation is leaving landlords...

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MH
MH 13 Apr 2017

You are right that the bank holidays are going to be spoiled in looking for the properties. But people who want to sell their property and looking for the better relocation, they can get benefits of this...

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bnellyb
bnellyb 08 Apr 2017

There will be an exodus of private landlords over the next 5 years as tax changes take effect, private landlords provide an important service to the rental market, why do housing associations and councils...

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Fred Cassman
Fred Cassman 07 Apr 2017

"Make it look like you are at home": often people forget this and share on facebook their location!

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jared townsend
jared townsend 05 Apr 2017

It'll be interesting to see how & if the Government's asset sale regarding mortgages helps

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