1. Willingness for Non-Traditional Routes:
   • 51% of young first-time buyers are open to non-traditional methods of buying property, such as purchasing with friends or siblings.
   • 62% still prefer purchasing with a partner, but alternative routes are gaining traction.
2. Reasons for Non-Traditional Purchases:
   • Affordability is a primary motivator (60%).
   • Trust in the co-buyer (56%).
   • 14% believe it’s their only option to buy a home.
3. Perceived Barriers:
   • Some young buyers see challenges in buying with a friend or sibling.
   • 48% feel ashamed of borrowing money from family for a deposit, compared to 34% who feel confident doing so.
4. Indifference to Buying Method:
   • 32% of 18 to 34-year-olds express indifference to how they buy a home, as long as they get on the property ladder.

Expert Insight

• Amanda Bryden, Mortgage Director at Lloyds Bank:
  • Highlights the appeal of buying with a friend or sibling due to long-term familiarity.
  • Emphasizes the importance of discussing financial topics openly and consulting with a qualified solicitor to understand the implications of shared property purchases.

Conclusion

Young people are increasingly considering non-traditional routes to home ownership due to affordability and trust factors, although discussing financial topics and the perceived stigma of borrowing from family remain barriers. This trend reflects a shift in attitudes towards home ownership among young first-time buyers.