The first week of school is over and the sound of rejoice sweeps the nation as parents finally enjoy their afternoons. However, with the end of the summer holidays comes the start of a whole new school year and the dreaded battle for a catchment area.
Santander Mortgages have highlighted the true battle that parents face as they scramble to the start line for the first day of school. A Survey conducted by Santander Mortgages, answered by more than 4,000 parents with children of school age, showed that 24% had purchased or rented a property to secure an address within a particular school catchment area.
The Poll further elaborated that of those parents who purchase or rent a property to secure a catchment address, shows that they are willing to spend on average 12% more on a property to live in that desired location.