Home & Property

By 2039, that number is expected to grow to a massive 10.7 million.

With 1 in every 7 of the nation’s homes already occupied by one adult, the government expects an extra 4 million prospective sole occupiers to be looking for homes by 2033.

Living alone can be a wonderful thing, giving you unlimited freedom, independence, and comfort at any age – but buying and renting property isn’t easy for singletons.

Studies show that the average cost of renting a house in the UK is around £954 per month in 2024.

Add that to the cost of paying for council tax, utilities, and other crucial bills each month, and it’s easy to see why single people spend around 92% of their disposal income on living expenses, compared to co-habiting couples, who spend only 83% of theirs.

Whilst mortgage payments can be around £42 cheaper per month, getting a mortgage as a single person comes with its own challenges.

A Nationwide study found that UK house prices increased by 0.7% in 2024, indicating that mortgages may become more affordable in the years ahead. However, even a 20% deposit on a home equates to around 105% of a person’s average annual income. While couples can join forces on a deposit (and mortgage costs), single people are left without any support.

That’s one of the reasons why single people are statistically more likely to rent, and more likely to struggle with unpredictable rent increases.

It’s little wonder so many single people are forced to share their homes with family or friends, rather than simply “going solo”.

Buying and renting homes for single people can be really hard.

Banks and building societies are now reluctant to lend first time buyers funds at reasonable interest rates unless they can come up with bigger deposits of up to £30,000 or more. This, combined with the credit crunch, high property prices and a shortage of homes means that two in three people are finding it difficult to get on the housing ladder and being single makes it harder.

Keeping a roof over your head can be equally difficult for partners who are splitting up, whether through a divorce or dissolving a civil partnership or breaking up as an informal couple, remortgaging, buying a new home or renting a new home on a single income can be just as difficult.

Buying and Renting for Single People: The Independent Guide

Now that around 35% of the UK’s population is made up of single people it’s about time mortgage lenders, landlords, and governments started to take notice. We need more homes, more government support for unmarried couples, and more support for those who choose to live alone.

A basic 25% discount on council tax bills just isn’t enough to make buying and renting property a feasible option or many single people.

After all, studies show we’re spending around £266 more each month just for the pleasure of living alone. At just4one, we’re committed to being your ultimate guide to navigating the complexity of the Single housing challenge, and the issues of living alone. Here you’ll find:

• Comprehensive guides: Into strategies for saving for a deposit, reducing living costs, and keeping a roof over your head, without the support of a partner.
• Tips and insights: On everything from remortgaging, to buying a new home and renting a new home on a single income.
• Resources: To help you evaluate the housing market, track what’s available in your area, and ensure you get the best deal on your home.

Remember, we’re a completely independent organisation, working on your behalf to ensure you can live happily, with or without a partner. If you have any housing info or tips for single people in the just4one community, reach out and let us know!

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HOME & PROPERTY