Parents Prepared to Pay a School Catchment Premium

The research also found that 24% of parents with school age children have either bought or rented a new property in order to secure an address within their desired school catchment area.
It’s not just financial sacrifices that parents are prepared to make to live in sought-after catchment areas. A fifth (20%) of those who moved changed jobs, while 20% say they were forced to downsize and 19% moved to an area where they did not feel safe. Around 25% admit they overstretched themselves, paying more for the property than they could realistically afford and 26% moved to a location that was far away from family or friends.
Amongst families who have moved to be within their desired catchment area, 51% said they had sold their previous property and purchased a new one within their chosen area. Around 30% said they purchased a second home in the catchment area, while 19% secured their desired address by renting a property.
“Living within a certain school catchment area is top of the wish list for many families but often these addresses come at a premium,” commented Miguel Sard, Managing Director of Mortgages, Santander UK. “Our study highlights the significant financial and lifestyle sacrifices that parents are making to be within the catchment area of a desired school.”

Contact Us

For expert legal advice on buying or selling property then contact our specialist property lawyers today.


Review of Home Buying Process in England
Housing Market Activity Picks Up in Scotland

Related Posts

Online Enquiry

Contact us using the form below

Invalid Input
Invalid Input
Please select a Legal Service
Invalid Input
Invalid Input
Invalid Input

Search properties for
sale and to rent