 She was named after Margaret Beaufort, Countess of Richmond and Derby, her paternal grandmother.Margaret's Governess was Joan Vaux who was also lady in waiting to most of the women in her family, when Erasmus visited Margaret and her siblings Joan was also there and she and Erasmus talked a lot .Daughters were important political assets in a world where diplomacy and marriage were closely linked.Even before Margaret's sixth birthday, Henry VII thought about a marriage between Margaret and James IV as a way of ending the Scottish king's support for Perkin Warbeck, pretender to the throne of England.