When selling your home it’s all about appealing to the buyer. As an example, cut down on eating out and entertain at home – any money saved can go towards moving costs. O'Neill has crossed out wife and kids, for. Keeping on top of endless outgoings is hard work but evaluating your lifestyle and making small changes can be invaluable. From the draft of a letter to Carlotta, Decem(Correspondence). For example, Purplebricks charges a low fixed fee providing access to a unique online system, the estate agent services of local property experts and listings on all the big portals like RightMove and Zoopla. Thanks to Berkeley Foundation’s continued support MyBnk can ensure this transition is positive, helping young people with skills and knowledge, building their confidence to thrive in the future.Using a hybrid agency that combines online with local expertise means that you pay a set fee, which is significantly lower than the average estate agent fee of over £5,000. They are at high risk of making poor financial decisions that can have lifelong consequences. “Working with young people who can't afford mistakes, as they prepare to live independently, is crucial. We are proud and excited to continue our partnership with MyBnk as it expands across the country and reaches more young people.” The Money House intervenes at a crucial point of transition and has had a remarkable impact since its start. “Sadly, care leavers face a higher risk of unemployment and homelessness and are more likely to come into contact with the criminal justice system than their peers. Sally Dickinson, Head of the Berkeley Foundation, says:
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Over the next three years, we have committed to support The Money House’s expansion into Birmingham, an important step towards all care leavers in the UK getting the financial education they need to lead independent lives. Download this stock image: Homelessness graffiti by poor person on wall of St Pancras Station No Money, House & Car in Euston Road, Kings Cross London UK.
Berkeley staff also helped to renovate one of the Greenwich-based flats where the project is delivered. The Foundation’s new investment in The Money House brings our total commitment to the project to £1.9m. So far we have committed over £6m to charities preventing and tackling homelessness, reaching more than 6,000 people experiencing, or at risk of homelessness. The Berkeley Foundation is currently celebrating our first ten years of helping young people and communities to thrive. Money House graduates are also three times less likely than their peers to have unsustainable rent arrears. MyBnk’s The Money House is an award-winning programme, most recently winning first place in the 2021 London Homelessness awards in recognition of The Money House programme’s impact on homelessness prevention and quality financial education provided to young people across London.Īfter completing The Money House, less than 1% of participants go on to be evicted, saving cash-strapped councils thousands of pounds.
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Delivering across the boroughs of Greenwich, Newham, Westminster and Haringey, the project teaches young people how to manage their tenancy and finances and has helped nearly 4,000 16-25 year olds avoid eviction. The Money House, set up in 2013, targets care leavers and vulnerable young adults about to move into social housing.
Following five years of successful collaboration, we’re delighted to announce that the Berkeley Foundation has committed a further £1 million to The Money House, run by award-winning youth homelessness charity MyBnk.
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