Parents are paying £70k extra for a house near a top state school

Research conducted by Opinium on behalf of Santander sheds light on the lengths parents go to in order to get their children into to the best possible schools.

On average, parents across the UK are willing to pay an extra £26,860 to be within the catchment area of the right school while the ‘catchment area premium’ in London comes in at painful £70,675. To fall within the desired area around 23% admit to paying significantly more for a home than they could afford while 24% have had to take on extra hours at work.

Some even admit to tricking the system with 8% of those with secondary school aged children considering moving their child to stay with relatives in be in the right catchment area while 6% of those with primary school aged children consider registering their child at another property within the area but not actually moving there.

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