Cohab agreements ease fear of living together
There has been an increase in the number of long-term unmarried couples living in separate properties, with suggestions that fear of living together could be responsible for the trend among younger people.
According to research by Halifax Home Insurance, one in 20 unmarried couples who have been together for some time reside in different homes - an increase of 40 per cent over the last ten years.
While the most common reason why over-35s choose this arrangement is because they have too many joint possessions to fit into one property, younger couples are mainly apprehensive about rushing into cohabitation.
However, by drawing up a cohabitation agreement
, some of their worries could be eased, as couples will be able to set out who is responsible for what and how any joint assets will be divided should their relationship break down.
According to the research, couples living in the city tend to live together more quickly than those in rural areas, perhaps because of the high cost of buying and renting property in urban areas.
Posted by Gemma Roskell
Published on: September 30, 2010
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