The Average Wedding Costs 35% Of First Time Buyers Deposit

Posted on: 23 July 2020

The Average Wedding Costs 35% of First Time Buyers Deposit

73,600 marriages and same sex partnerships have been postponed due to Covid-19, saving couples on average £16,005. With 1 in 8 couples cohabiting before marriage, for most, living together will not be delayed. Delayed weddings could provide a house deposit for couples wanting to purchase their first home or help existing homeowner move up the ladder. On average a wedding in the UK costs £16,005, that is 35% of the average first time buyer deposit in the UK in 2019, £46,187. The proportion of couples living together before marriage has increased from 69% in 1997, 81% in 2007, currently standing at 88%, therefore cohabiting will not be delayed for many.

Share:


Recent Articles

23 June 2021

64% Wont Buy A Property Without A Garden

As summer officially begins this week, gardens and outside space remain priorities on buyer wish lists. Nearly two-thirds of residents wouldn't buy a property in 2021 without outside space (Rated People). Gardens are currently the most sought after property feature for buyers according to...

23 June 2021

Finding The Right Removal Firm For Your Move

Finding the Right Removal Firm for Your Move This three-minute read gives you a few ideas to consider when choosing your removal firm Getting the right people to help you move home is so important. This means your estate agent, your conveyancer, and the people that will do the physical heavy...

21 June 2021

One Fifth Of Private Renters Are Families

Across the UK, families comprise a fifth (21%) of all privately renting homes with 39% occupied by single people and 40% by sharers or couples. Using Dataloft Rental Market Analytics data, we have reviewed the household make-up of renters beginning new tenancies since the start of 2020. Regional...

semi circle instant online valuation

Get an instant online valuation

Find out how much your property is worth