Hotel of Mum and Dad stays open for longer

12 October 2015

One in five children wait until at least 26 years old before moving out

No deposit, no car and an easy life are among the key reasons why 15 per cent of adults are taking an extended stay at the ‘Hotel of Mum and Dad’ and why a fifth (20 per cent) of adults are waiting until they are at least 26 years old before leaving the family home, according new research from Nationwide Mortgages.

There appears to be an increasing reluctance to up sticks, as nearly a third (30 per cent) admit they are not saving any money while at home. This is despite around two thirds (66 per cent) being in full or part-time employment. And while age 26 and above is the choice time to leave for 20 per cent of Brits, the same amount (20 per cent) fail to contribute towards any bills, rent or even food, while more than a quarter (26 per cent) abscond from doing any chores.

Sibling rivalry?: It’s not necessarily the youngest child of the family who is the one who stays at home. According to the Nationwide survey, more than a third (36 per cent) of those still at the ‘Hotel of Mum and Dad’ have younger siblings who have already moved out of the family home, before their big brother or sister.

According to Nationwide’s poll, women are more financially frugal with 22 per cent admitting a lack of contribution to mum and dad, compared to 17 per cent of men. However, the survey reveals women are the better savers, with more than two in five (42 per cent) putting money away, compared to around a third (32 per cent) of men. Conversely, men are more likely to fritter away their spare cash (12 per cent, compared to 7 per cent of women).

Full time employment: Half of adults still living at home are in full time employment (50 per cent). Despite job stability, increased financial pressures mean three in five (58 per cent) can’t afford to move out. The figures show women as being more likely to struggle with their finances, as nearly two thirds (63 per cent) don’t have enough money to flee the ‘Hotel of Mum and Dad’, compared to just half of men (52 per cent).

I want to stay at home: More than a quarter (28 per cent) of adults want to stay at home because they are trying to save a deposit for their own home, while more than one in ten (13 per cent) admit it’s easier to live at home.

Own car versus parental taxi: Even though people are living at home to save money, four in ten stay at home Brits (42 per cent) have their own car. However, 16 per cent of men without a car take advantage of the ‘parental taxi’ to ferry them around. A quarter of women (25 per cent) with no car will use public transport.

From mum to a mortgage: When the time comes and the financial situation allows to finally fly the parental nest, Brits are keen to become first-time buyers and get onto the housing ladder. More than a third (36 per cent) took out a mortgage when they left the family home. Renting is a still a popular stepping stone to gaining independence with more than two in five (44 per cent) choosing a privately rented home and a further seven per cent rented social housing.

Women are likely to choose to rent somewhere privately (47 per cent compared to 40 per cent of men). However, men are more likely to opt for a mortgage (39 per cent versus 34 per cent of women).

Nationwide, which offers support for first-time buyers through savings schemes, lower deposit mortgages and free, online guides to moving home, commissioned the survey to highlight the difficulties many people have in moving onto the housing ladder.

Why move out?: For half of adults, independence is the main reason for leaving home. Yet, around a quarter (24 per cent) say they leave because they bought or rented a place with a partner. Other reasons given included: not getting on with parents, relocating for work or education, and parents disliking their partner.

Andrew Baddeley-Chappell, Nationwide’s Head of Policy, Mortgages & Savings, comments: “The ‘Hotel of Mum and Dad’ is often staying open for longer than many anticipated, our latest research shows. Rental costs and deposits or the need to save for a mortgage deposit mean that some children understandably have to wait before flying the nest. And, for some, moving out may never be an option.

“For parents, a delayed offspring departure often incurs unforeseen and prolonged costs and expenses, since our research shows a surprising number of adults who, while continuing to live at home, do not contribute towards bills or even save any money to be able to enable them to move out. In fact it seems the more financially comfortable the living situation, the less incentive there is for children to move out. Parents looking forward to becoming empty nesters have to rely on the hope that their children are putting away enough savings to move out of their own accord.

“A normal hotel wouldn’t let someone stay free of charge, so why should the ‘Hotel of Mum and Dad’?”

Notes to Editors

1 The poll of 2,000 adults was carried out for Nationwide by online market researchers,, and took place between 7 September and 11 September 2015.

At what age did you last move out of your parental home?

Under 16 2%
16-17 9%
18-21 39%
22-25 30%
26-30 14%
31-35 4%
36-40 1%
41-44 1%
45+ 1%

About Nationwide

Nationwide is the world's largest building society as well as one of the largest savings providers and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million customers.

Customers can manage their finances in a branch, via the mobile app, on the telephone, internet and post. The Society has around 18,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.

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