Tag: parents

Barratt homebuying scheme allows parents to borrow on behalf of kids

Barratt homebuying scheme allows parents to borrow on behalf of kids

Barratt Developments has announced a tie-up with Hitachi Capital (UK) that will allow parents to borrow money to help their children onto the property ladder. The developer claims the scheme is unique in the market, having been specifically designed to address current mortgage restrictions on loan-to-value ratios. Barratt sold 4,832 homes during the second half [...]

January 13, 2011 | 0 Comments More
Lloyds TSB lends a hand to first-time sellers

Lloyds TSB lends a hand to first-time sellers

Lloyds TSB has extended a mortgage deal previously only available to first-time buyers, to home movers. Sellers opting for the bank’s Lend a Hand loans can take out a mortgage with a deposit of just 5%, at a rate normally associated with a larger down-payment. However, their funds have to be backed up with the [...]

July 8, 2010 | 0 Comments More
University a “millstone” for many parents

University a “millstone” for many parents

The cost of putting their children through university is forcing some parents to remortgage their home, The Children’s Mutual revealed this week. Students starting university this year will spend an average of £42,000 during their three-year course, and many parents will be expected to fund the majority of this bill. “University can be as much [...]

August 21, 2009 | 0 Comments More
Confused.com highlights student burglary risk

Confused.com highlights student burglary risk

Student households are more than twice as likely to be burgled compared to the average home, Confused.com has revealed. The price comparison website released the figure as thousands of new students prepare for their first term at university. Confused.com also said students shouldn’t assume their possessions are covered on their parents’ home insurance policy. “Separate [...]

August 20, 2009 | 0 Comments More
Parents sacrifice glad rags for kids’ designer threads

Parents sacrifice glad rags for kids’ designer threads

Dedicated parents are sacrificing looking good in their own glad rags so they can kit out their kids in designer threads. Credit crunched mums and dads are reducing the amount they spend on their own clothes so their children can keep up with the latest fashion trends, new research has discovered. Parents are trading down [...]

June 11, 2009 | 0 Comments More
UK parents to get increased working flexibility

UK parents to get increased working flexibility

The Department for Business, Enterprise and Regulatory Reform has announced that there will be an extension of current legislation, whereby employees with children under six or disabled children had a statutory right to request flexible working, and this has now been extended to anyone with children under 16. The Trades Union Congress has welcomed the [...]

April 6, 2009 | 0 Comments More
‘Sandwich generation’ caught between supporting parents and children

‘Sandwich generation’ caught between supporting parents and children

UK adults are increasingly feeling the need to offer their parents financial support, but are struggling to find the cash to do this. Research by Norwich Union found that two thirds (68%) of adults would like to help fund their parents’ retirement, but are unable to do so because of their own financial situation. Nearly [...]

February 17, 2009 | 0 Comments More
Parents encouraged to make a will

Parents encouraged to make a will

Research has found that 80% of households with dependent children have not made a will, primarily because they deem the process too complicated or too morbid to think about. However, if the unfortunate event of both parents dying happens, a court may have to decide who should look after any children. As a result, Child [...]

January 27, 2009 | 0 Comments More
Save money by shopping online

Save money by shopping online

Research by price comparison site, Savebuckets.com, has found that parents of children who are off to university this month can expect to spend large amounts of money on university-related merchandise. In order to provide all the requirements for their child’s university room, parents can expect to pay over £750 - more than the average UK [...]

September 16, 2008 | 0 Comments More
More parents taking advantage of Child Trust Funds

More parents taking advantage of Child Trust Funds

The Government has announced that Child Trust Fund (CTF) opening rates have increased from 70% to 72%. Commenting on the figures, Kity Ussher, economic secretary, said that the Government remained committed to increasing this total, through publicity campaigns focusing on parents. Ms Ussher is urging low-income families to make contributions to the CTF account, however [...]

May 19, 2008 | 0 Comments More