New research shows that 23 per cent of parents are prepared to pay between two and 10 per cent extra for their house, while nearly one in 10 (eight per cent) said they would fork out more than 10 per cent extra.
The extra cost would mean a substantial outlay. For example, an additional 10 per cent on the cost of a typical UK home valued at £170,514 would mean buying a house worth £187,565. This would require an extra deposit and extra monthly mortgage repayments.
The survey, carried out by YouGov and published by the Nationwide Building Society, also revealed that parents are already making their house purchase choices based on schools.
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