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First-Time Homebuyers Are Teaming Up to Get on UK Housing Ladder

  • Joint buyers accounted for 63% of first-time mortgages in 2022
  • Pricey loans are making it harder for Britons to secure a deal

Almost two thirds of first-time property buyers in Britain are teaming up with a partner or group to get on the nation’s turbulent housing ladder.

Some 63% of first-time mortgage completions were in two or more names last year, compared with 59% in 2021, according to a report by lender Halifax. As recently as 2014, just 43% of first-time owners were joint buyers.