the Wedding Planner

UK Wedding News

20/02/2014

Finances Are Forcing Couples To Cohabit

Many couples in Britain are being forced to move in together soon than they planned due to finances, rather than feelings, according to new research from Confused.com.

The findings reveal that 49% of couples moved in with their other half a lot sooner than they had anticipated, but added that love was not the driving force behind their decision.

In fact, more than one in five (21%) admitted they felt forced to live with their partner.

Looking at the research, it found that couples are being pragmatic when it comes to reasons why they should live together as they appear to be thinking with their head, instead of their heart. For example, 21% said they had moved in with their significant other due to financial reasons.

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For 7% of couples, they said they had moved in together as they could not afford to buy a home separately, while 9% said they wanted to save money to buy their own property. Some 3% even went as far as to blame peer pressure for them choosing to live with their other half, because all their friends were cohabiting with their partners.

Elsewhere, despite whether it is for money or love, 84% of Britons are currently said to be living with their partner. Of that figure, 6% had moved in together within the first month of dating.

Those aged between 25 and 34 appear to be the most eager to buy a home with their other half, with nearly one in 10 (8%) young couples waiting less than six months before moving in together; while on average, it takes around 3.33 years for couples to buy a home together. However, 13% of those over the age of 55 admitted that it took them more than 10 years to buy a house with their partner.

Gareth Lane, Head of Home Insurance at Confused.com, said: "The research clearly shows that living together is a popular choice for many couples, with practicality seeming to be a key driving force behind the decision.

"Many people appear to be moving in with their partners sooner than they anticipated to help with the costs of living and future financial plans."

(JP/CD)

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"Many couples in Britain are being forced to move in together soon than they planned due to finances, rather than feelings, according to new research from Confused."