{"id":3864,"date":"2024-12-06T08:09:48","date_gmt":"2024-12-06T07:09:48","guid":{"rendered":"https:\/\/pfadvisors.co.uk\/?p=3864"},"modified":"2024-11-25T18:12:05","modified_gmt":"2024-11-25T17:12:05","slug":"rise-in-non-traditional-house-buying-routes","status":"publish","type":"post","link":"https:\/\/pfadvisors.co.uk\/en\/rise-in-non-traditional-house-buying-routes\/","title":{"rendered":"Rise in \u2018Non-Traditional\u2019 House Buying Routes"},"content":{"rendered":"

Half of young first-time buyers (FTBs) are willing to consider \u2018non-traditional routes\u2019 to get onto the property ladder, according to new research. [1]<\/p>\n

Friend or sibling?<\/strong> Some 62% would ideally like to purchase a home with a partner. Faced with a difficult buying environment, however, many have been forced to look at alternative options.<\/p>\n

Top non-traditional routes include purchasing with a friend (24%) or sibling (22%). The main motivator for considering these routes was improving affordability. One in seven believed there was no other way for them to buy a home.<\/p>\n

Trust is key<\/strong> Whoever you are buying with, a declaration of trust is essential. This is a legal agreement between joint owners that clarifies each person\u2019s share in the property. We can help you understand your options.<\/p>\n

[1] Lloyds, 2024<\/p>\n

\ud83d\udea8 Data accurate as of the date of publication \u2013 06.12.2024<\/p>\n

\ud83d\udea8Think carefully before securing debts against your home.\u00a0 Your home may be repossessed if you do not keep up repayments on your mortgage.<\/p>\n

\ud83d\udea8 The above material is for informational purposes only and does not constitute a sales offer or financial advice. Before taking out any insurance, credit agreement or other financial product, you should obtain individual advice on your requirements and the general terms of the contract.<\/p>\n

 <\/p>\n

Source: Quilter Financial Planning \u2013 Essentially Mortgages Q4 2023<\/p>\n","protected":false},"excerpt":{"rendered":"

Half of young first-time buyers (FTBs) are willing to consider \u2018non-traditional routes\u2019 to get onto the property ladder, according to new research. [1] Friend or sibling? Some 62% would ideally like to purchase a home with a partner. Faced with a difficult buying environment, however, many have been forced to look at alternative options. Top […]<\/p>\n","protected":false},"author":3,"featured_media":3836,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[35,39],"tags":[],"class_list":["post-3864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-first-time-buyers","category-mortgage"],"acf":[],"yoast_head":"\nRise in \u2018Non-Traditional\u2019 House Buying Routes - Prestige Financial Advisers<\/title>\n<meta name=\"description\" content=\"Half of young first-time buyers (FTBs) are willing to consider \u2018non-traditional routes\u2019 to get onto the property ladder,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pfadvisors.co.uk\/en\/rise-in-non-traditional-house-buying-routes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rise in \u2018Non-Traditional\u2019 House Buying Routes - 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