The Cost of a Relationship Breakdown

New research from Good Move suggests that relationship breakdowns in the UK are growing increasingly common – revealing that hidden issues faced by couples are often centred around their finances. In the current housing market, and one painted with significant financial uncertainty, some propose that to be in a couple, or to cohabit, could save you money. However, new data finds the opposite, and that this safety net could be costing Brits a lot more than the emotional expense. Alongside children (17%), or families-by-law (20%), financial issues make up the largest cause for disputes in relationships (29%) in the UK, ultimately contributing to breakdown of 42% of relationships.

How much would a breakup cost you today?

A split for a couple either married, or cohabiting, in the UK comes at both a financial and emotional cost, with the average divorce costing Brits around £14,500, before considering the financial fallout of two individual households or legal disputes. Whilst some feel that they save their pocket by splitting their property bills 50/50, in the current market, it may cost couples more than their savings if this relationship suffers from a breakdown, and not just in cash. Combined with the 22-week timeline for an average property sale, UK couples are now faced with increased costs, including the initial financial spend, the emotional toll of a four month wait list, on top of the resulting doubling of property fees, when they proceed to cover the remaining 50% of property bills. “Alongside grieving, having a child, or moving house, research suggests that the breakdown of a relationship causes enormous emotional stress which, when combined with the financial and logistical burden that comes with separating property assets, can often drag the pain out for months. We’re seeing more people come to us because they need a clean break and certainty, something the traditional property market just doesn’t offer.”, comments Nima Ghasri, director at Good Move.

What does this mean for the housing market, and what can you do about it?

Whilst breakups are emotionally draining, there is increasing importance in protecting your wellbeing, independence, and long-term happiness in times of financial stressors – managing both this emotional, and financial cost with confidence. This is where selling your house to a cash house buyer can come in – expediting the process and removing some of the pain of a house sale.

“Quick sales aren’t just about money anymore; they’re about protecting peace, promoting stability and moving on.”, adds Nima, “Our clients aren’t just selling a house; they’re closing a chapter. They need speed, certainty and minimal stress. That’s exactly what we provide.” Click here to find out more about how to sell your house fast.