Private school offers mortgage-style repayment scheme to cover 9,000-a-year day pupil fees Fernhill School in Glasgow is offering parents chance to spread fees over ten years, interest freePayment plan could reduce monthly payments by up to 50 per cent /13 – with the highest fees topping 21,000. The increases put pressure on parents – particularly those for whom private education is at the limits of affordability.
Return of the first-time buyer: Numbers reach five-year high as 216,000 take their first step on property ladder this yearNumber of first-time buyers increase by 12 per cent First-time buyers are getting older and put down bigger deposits than before | UPDATED: 00:01 GMT, 29 December 2012 First-time home buyer numbers reached a five-year high in 2012, helped by improvements in affordability, a study has found. However, the average age of a first-time buyer has increased to 30, from 29 a year ago, and the typical deposit required is 20 per cent, compared with the deposit of around 10 per cent put down in 2007, Halifax found. Around 216,000 people took their first step on the property ladder in 2012, showing a 12 per cent year-on-year increase and making up two fifths of all house purchase loans.
More than 6.5million Britons believe they will be forced to work past pension age – and most of them are women | UPDATED: 01:56 GMT, 28 November 2012 Around 6.5 million people currently over the age of 50 say they plan to work beyond the State pension age – and women will be the biggest losers, a report reveals today. The finding highlights the social impact of Britain’s pensions crisis as gold-plated schemes which pay for a comfortable old age are approaching extinction in the private sector. When asked why they will continue working, the most common answer given by workers over the age of 50 is that they will be 'forced to do so to survive financially’.