Anyone with kids entitled to 30h funding be able to share?

[reabies]

Hi all

I'm pregnant with number 2, and we are applying for a mortgage. Broker wants to know what childcare fees will be when I go back to work next year.

I have asked nursery for an estimate but 4 days later still no response.

I'm struggling to work it out as my 2yo is only entitled to 15h funding at the mo, but by the time number 2 goes, I think both should be eligible for 30h. And I have no idea what that will look like.

Would anyone who has one or two kids attending nursery at £90-100/day mind sharing what an average monthly bill is once the 30h are applied, for a year-round stretch not just term time?

Sorry to pry, but there is no transparency as to how the funding works, and I don't think it's as simple as halving my current bill which has 15h applied. I just need an estimate to give to the broker to get the bloody application sorted 😣Thanks in advance!

How many days a week are they going?

They'll both be going 4, but I was going to just round up or down a bit based on responses here 😅

Mine goes two days a week, the bill was nearly £700 a month before his 15 hours, £375 a month after, and will be about £200 a month with 30 hours.

It really depends though. We have a funded hour charge and a daily surcharge for funded days.

@YouveGotAFastCar Thanks! Yes it seems to totally vary between nurseries and how they apply the funding, top up charges etc. So hard to make any kind of prediction or do any financial planning!

Also my nursery is happy to do stretched funding, but doesn't average it out over the year. They do month to month (and have always done for the bill anyway, so that's not new) but depending on the number of days in the month our bill can vary by up to £200, so again it's just not predictable.

We are currently paying around 1200/month for 4 days with 15h, before the funding it was more like 1600. I might just pull a figure out my arse because that's honestly what it feels like trying to work this out! Maybe will just tell them it will be around £1900 for 2 of them going 4 days with funded hours, and hope the mortgage gets approved 😬

Ours knocks about £600 off the full monthly fees and is stretched and averaged over the year.

£90 a day base rate.

4 days a week, 30 hours stretched across the year plus consumables fees is £960 per month (minus £500 a quarter with tax free childcare)

Thank you so much!!! This is exactly our situation, so this is so useful. I just sent an estimate in the end to be able to get the application moving of around £1k/month/child so good to hear this broadly aligns with what you're experiencing.

I'm sure nursery will hike fees up again before this comes into play for us but we'll cross that bridge as and when 😅!

Funding rates are different in different areas, just to confuse things even more - and the LA will also cream a bit off the top before giving to the nursery. You may get more off your final bill in some areas than in others.

I'd say probably estimate between 600-800 a month after stretched funding is applied.