First-time buyers open to co-purchasing with friends
August 26, 2026 by Brendan O'Neill
Home owners
A survey of prospective first-time homebuyers in the UK has found that more than half of them would be open to co-purchasing with friends.
This finding is taken from the survey conducted by Mojo Mortgages. It shows that a total of 52% would be open to this idea, if it lets them get onto the property ladder. Among younger Generation Z respondents, this figure rises to 61%. What is shows is the appetite to become homeowners is very much there, but that people are being frustrated by high house prices and deposit costs.
It also reveals one of the ways people are looking at to get around this problem. This is especially true of those who are not in a committed relationship, so face the prospect of trying to afford a home on their own.
In addition to its survey, Mojo Mortgages released data highlighting the number of solo buyers versus joint buyers last year. A total of 53% of the applications its advisors submitted were for people buying alone, while 47.5% were joint applications.
There are potential issues for joint applicants to consider though, including the shared financial liability. This could be a factor if the other applicant suffers a financial setback.
John Fraser-Tucker works for Mojo Mortgages. Speaking to Financial Reporter, he said:
“For those who want to buy without a romantic partner, non-romantic co-buying with friends or siblings is becoming a genuine alternative.”
Talking to an advisor who has done the CeMAP course is vital for anyone considering this, as there can be pitfalls.
Written by
Brendan O'Neill
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