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 ...

Housing & mortgage round up: The ‘bank of mum and dad’, repossessions fall and mortgage overpayments

The ‘bank of mum and dad’ repossessions and mortgage overpaymentsWe are delighted to bring you a wide range of stories this week, with not a single house price survey in sight! We look at new research which shows just how vital the ‘bank of mum and dad’ is to first time buyers, predictions for the housing market in 2013, the latest repossession figures and an increase in the number of people overpaying on their mortgages ‘Bank of mum and dad’ grows in popularity We’ve written ...

Parent’s pensions to help first time buyers, an opportunity missed?

Anyone with an interest in the predicament currently facing first time buyers, who watched the BBC’s Andrew Marr show yesterday, could have been forgiven for thinking they had misheard the Deputy Prime Minister, Nick Clegg, announcing proposals that would allow parents and grandparents to use their pensions to help children and grandchildren get on the housing ladder. Mr Clegg said: “We are going to work out ways in which parents and grandparents who want to help their children and grandchildren buy a property of their own.” He continued: "We are going to allow those parents and grandparents to act as a guarantee, ...

6 Financial tips for parents by Bev Stoves

Having two young boys myself I am fully aware of the calls on the time of parents. The school runs, sports clubs, ferrying them from A to B or just sitting them down to complete their homework all takes time, leaving very little for other important things, including what we rather grandly call 'financial planning'. I've therefore put together a few quick financial hints and tips for parents. They are all pretty common sense, but I can almost guarantee that no parents reading the list will have done everything on it; if nothing else hopefully this article will act as a ...