First-time buyers struggling at Valentine's

08 February 2007
As young couples get in the mood for romance in time for Valentine's Day, keeping an eye on their finances could be the last thing on their minds.

But debt worries can break even the tightest of love-knots, CreditExpert recently warned, with spending and borrowing habits causing one in four couples to argue and one in twenty to break up.

Young love is particularly susceptible to financial anxiety, with 18 to 34-year-olds most likely to argue with their partners about spending.

Perhaps the gravest strain on a relationship can be buying a first house together, CreditExpert's managing director, Jim Hodgkins notes.

"It's hardly surprising that 18-34-year-olds – those most likely to be first-time buyers in the property market – feel the pinch and argue the most," he said.

First-time buyers struggling to get a foot on the housing ladder are willing to make significant sacrifices, research from Abbey this week showed, with 53 per cent prepared to give up holidays and 49 per cent ready to renounce alcohol – but few would want to sacrifice their partner.

For more information about first-time buyer mortgages, click here.

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