Dad dot info
DAD.info form. Ask questions, get answers
DAD.info | Opinion | Latest News | Parents ‘willing to pay’ for desired catchment area

Parents ‘willing to pay’ for desired catchment area

As many parents bid to guarantee their children’s place at the top state schools, it seems more and more are paying above the average full-time salary to move to desirable catchment areas

 

Research by Santander has found that more than a quarter of families have bought or rented a new property to make sure their children go to the right school.

The survey of nearly 1,100 parents has highlighted how parents are willing to pay a premium of up to 18 per cent more in England, Wales and Scotland.

That works out at just over £32,000 at current average house prices, rising to £77,000 for those who live in London.

Miguel Sard of Santander said: “With competition for school places fiercer than ever, parents are making significant financial and lifestyle sacrifices to be within the catchment area of desirable schools.

“All buyers will have a wish list of what they want their new home to have and being within a certain school catchment is increasingly common amongst young families – but can often come at a cost.

“Many of these sought-after areas command significant premiums, so it’s important that parents don’t stretch themselves beyond their means if they are looking to move.

“Finding a mortgage provider that not only offers competitive rates but also has the expertise and range of products to ensure that the right deal is secured is absolutely key to this.”

The research also found that almost a third of parents have changed jobs as a result of the move and a quarter said they were forced to downsize, with 31 per cent saying they moved to an area they did not like.

This comes as statistics released in July 2015 revealed that the UK baby boom is putting pressure on English secondary schools.

The number of those at state schools in England is forecast to rise by nearly a million, reaching 8 million within a decade, according tothe Office for National Statistics.

Data from Eurostat also published this year shows there is a growing trend for large families. 

It claims the average UK home now contains four or more children, much higher than at any time since the early 1970s.

In 2013 some 9.5 per cent of babies born in the UK had three or more older siblings.

For more information visit The Good Schools Guide Advisory Service: www.gsgexpertschoolsconsultants.co.uk

 

Related entries

Dad.info LIVE: The First Year is Survival

Dad.info LIVE: The First Year is Survival

On Thursday 29th October at 12 Noon  Dad.info will be live on Facebook chatting all things TWINS!   CLICK HERE TO JOIN US LIVE AT 12 NOON Leonie and Josh Huie, Mum and Dad to fraternal twin girls (their twin heartbeats) chat with Ian Soars, CEO of Dad.info...

Warning: UK Parents toying with their children’s safety

Warning: UK Parents toying with their children’s safety

Parents have been warned that children in the UK are at risk of death or serious injury from the sale of unsafe toys through various online marketplaces. Health and safety experts from CE Safety say parents should ensure they are not buying cheap, unsafe or fake toys...

Rule of Six

Rule of Six

New Coronavirus rules mean when seeing friends or family you don’t live with you should meet up in groups of six or less. For now, that means it is illegal for my whole family to meet another family inside or outside. In some ways we are lucky, we are only a family of...

Latest entries

The Best Family Walks in Britain

The Best Family Walks in Britain

We could all do with exercise, fresh air and some lovely low-cost days out, not to mention some beautiful scenery. Charles Clinkard have put together a list of the 40 greatest walks for families in Britain, taking into account a number of helpful amenities such as...

How To Keep Your Child Safe Online

How To Keep Your Child Safe Online

As a parent of a 10 year old who is rapidly approaching the age where he will be getting his own phone, I’m concerned about ensuring he isn’t exposed to a cavalcade of disturbing things online. I’m worrying about bullying, about him being contacted or making friends...

Pin It on Pinterest