If you want stress, buy a house

Published on

House buying tops the table of ‘most stressful life experiences’ with 24% of homeowners finding it the most demanding and stressful thing they have done, according to new research from Unbiased.co.uk, the website which promotes the benefits of professional advice.

Buying a house topped the poll, ahead of starting a new job (14%), having a child (13%) and getting married (9%). House buying remained the number one stressful life experience for all ages – rising to 37% of those aged between 20 and 29, and 24% of those aged 70 or over.

Instead of getting easier with experience, moving up the property ladder appears even more stressful than entering it, with 41% of second time buyers finding buying their second home as or more stressful than their first. The fact they were part of a chain made it more stressful for 27% of second time buyers, which rose to 42% of those aged between 30 and 39.

Almost one sixth of second time buyers (16%) felt it was a bigger decision than their first purchase as it was a property for the long term. 7% of second time buyers separately sold their first house and rented before entering back into the property market, just to avoid being part of a chain.

Finding the right property was the most stressful part of the house buying process for 35% of homeowners, rising to 47% of those over 70. 20% of homeowners found moving in the most stressful, and 12% felt it was getting and arranging a mortgage.

Karen Barrett, chief executive of Unbiased.co.uk said: “Buying a house is a stressful experience. So much time and effort is invested into finding the right home it is no surprise people find it more stressful than having a baby! Buying a home is probably the most expensive decisions you will ever make and involves lots of complicated stages. But there are some simple things you can do to take at least a little of the stress out of buying a home.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Mortgage leaders prepare for four-day charity ride from Edinburgh to London

Senior figures from across the mortgage industry are preparing to cycle 456 miles in...

Scotland tipped to lead UK house price growth in 2026

Housing markets across Scotland and northern England are poised to deliver the strongest house...

Asset Advantage to hold broker roadshows on deal structuring around the UK

Asset Advantage is embarking on a series of regional events aimed at helping commercial...

Bank of Ireland for Intermediaries raises income multiples across bespoke mortgages

Bank of Ireland for Intermediaries has increased the maximum loan-to-income available across its Bespoke...

Newcastle for Intermediaries trims PT rates ahead of maturities

Newcastle for Intermediaries has reduced rates across its product transfer range, with pricing now...

Latest publication

Other news

Mortgage leaders prepare for four-day charity ride from Edinburgh to London

Senior figures from across the mortgage industry are preparing to cycle 456 miles in...

Scotland tipped to lead UK house price growth in 2026

Housing markets across Scotland and northern England are poised to deliver the strongest house...

Asset Advantage to hold broker roadshows on deal structuring around the UK

Asset Advantage is embarking on a series of regional events aimed at helping commercial...