Couples in the UK are delaying getting a mortgage because they have to make a choice between buying a home and having children, new research has shown.
Carried out by Churchill Home Insuranc, the study revealed financial worries are making 28 per cent of adults have to pick one or the other.
According to the investigation, economic constraints mean ambitions for a traditional family life – all together under one roof – are being hampered.
And while 43 per cent of those questioned admitted they selected having children over getting a mortgage, around one-third said they purchased a property first.
Matt Owen, spokesman for the organisation – which is part of Churchill Insurance, launched in 1989 as one of the first providers of direct motor insurers in the UK – said: “Financial uncertainty has meant a lot of people have had to make difficult decisions about their priorities in their home lives.”
The industry figure added many individuals consider starting a family to be the number one priority above other large monetary commitments, such as buying a house or having a big wedding.
