FTBs saving for deposits by doing jobs they dislike

June 12, 2026 by Brendan O'Neill

Surveys and Statistics

Research has found that almost a quarter of all first time buyers (FTBs) are remaining in jobs they dislike so they can find the money for a deposit.

This is the headline finding of a Mojo Mortgages study called the First Time Buyer Sentiment Survey 2026. The percentage of them who are staying in unhappy work environments so they can put together deposit money is 22%. Meanwhile, 19% told the survey that trying to save enough for a housing deposit was causing them to hold off on having any more children.

Another 16% of the FTBs that took part said pressure to find the money needed for deposit costs leads to them fighting with their spouse or partner more frequently.

Kayleigh Jackson works for Mojo Mortgages as a mortgage sales manager. She told The Intermediary that the results of the survey show FTBs sacrificing their professional and personal peace of mind to avoid damaging their deposit funds.

She then went on to say:

“It’s a trade-off that speaks to the immense psychological pressure of trying to buy in today’s market. No one should feel forced to choose between their mental health and their dream of homeownership.”

Jackson finished by stating that more FTBs need to know changing their work situation does not have to impinge on their chances of getting a mortgage. She pointed out that uncertainties of this kind can be eased by consulting an advisor.

This is evidence of why mortgage advisors are so important and why CeMAP courses are in demand.