Cost of raising a child hits £227,266

moneyNew research has shown the cost of raising a child has risen by nearly £5,000 over the past 12 months. According to insurer LV=, it now costs £227,266 to bring up a child from birth, until they reach the age of 21. The key findings of the LV= ‘Cost of a Child’ report include: Our advisers can help you make the right ...

To rent or buy? The question which splits first time buyers

English HomesNew data has painted a confusing picture of the first time buyer housing market. The Council of Mortgage Lenders (CML), has released figures which show the number of first time buyers rose by 41% in July 2013, compared to the same time last year. In contrast, research from insurer LV=, formerly known as Liverpool Victoria, has shown many people of first time buyer age are happy to continue to rent. First time buyers on the rise The CML data shows a total ...

Cost of raising a child rises to all time high as benefit cuts begin to bite

Cost of raising a child rises to record levels, find out why hereA new survey has shown that the cost of raising a child has risen significantly over the past year, just as many households have seen their child benefit withdrawn. The latest LV= Cost of a Child Report, shows that the cost of raising a child to the age of 21, has risen to a staggering £222,458. The new figure is an all-time high, up £4,000 on ...