One in four families ‘move homes to get their child into a better school’
And parents are prepared to pay an 11 per cent premium, or £23,707, to relocate
ONE in four families have moved homes to get their child into the school they want, a survey has found.
And parents are prepared to pay an 11 per cent premium, or £23,707, to relocate.
Those in London were the most likely to rent or buy in the catchment area of a top state school, with 46 per cent doing so, Santander found.
The bank’s Miguel Sard said: "With competition for school places remaining high, parents are making significant financial and lifestyle sacrifices to be within the catchment area of desirable schools.
"Living within a certain school catchment area is a priority for many families but these premium addresses can come with a hefty price tag."
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More than 4,000 people from across the UK took part in the survey.
A study by Lloyds earlier this week found parents faced a £53,000 premium to live near the best state schools.
Where parents moved homes
Here are the proportions of parents with children of a school age who have moved house in order to secure an address in their preferred school catchment area:
North East, 29%
North West, 20%
Yorkshire and Humber, 28%
East Midlands, 11%
West Midlands, 33%
East of England, 17%
London, 46%
South East, 24%
South West, 20%
Wales, 17%
Scotland, 24%
Northern Ireland, 15%