House just been valued

neverdespairgirl

ds1980 wrote: »

I'm not even going to start you snotty piece of !!!!. Hopefully your kids will grow up to make something of themselves rather than depending on mummy and daddy and only getting jobs because of who they are not what they are. I have put you on ignore as your clearly a moron.

Blimey. Do you not think that is a bit harsh? Not to mention riddled with assumptions?

neverdespairgirl

ds1980 wrote: »

If some of the private schools allowed "ordinary" people to use theyre facilities (swimming pools, tennis courts, cricket pitches) perhaps there would be a shortage! Oh no sorry us normal folk ain't allowed in!

Many, I'd go as far as to say most, private schools do that. And have done for some time.

I was at a private girls' school in London. The science departments taught some of the boys from the neighbouring state school for physics and chemistry, for free. And the grounds were used by loads of local people.

neverdespairgirl

ds1980 wrote: »

mmmmm what's wrong with state education?

depends. Some state schools are great. Some are absolutely awful.

meester

monkeyman1974 wrote: »

so, you can't actually afford (from income) to send the nipper to public school, so you will MEW, and potentially eat into capital by way of a payment holiday, to pay for it. Making some huge assumptions, but at 6% on a 25 year term each extra pound you borrow will cost you £3 to pay back in nominal terms.

if it is a strategy, make sure it is a short term one, a mortgage is a loan that you have to pay back to state the bleeding obvious (apols)

or send them to state school. worked for me.

Sorry, you fail to understand the value of money.

'Nominal terms' is meaningless. In real terms the cost is going to be more like £1.50, and of course there is a return (an education for the children).

It would be insane, if you could borrow a pound and only pay back that same pound in 25 years time, after the ravages of inflation had taken their toll.

Talking about the 'total amount repayable' doesn't really mean that much without considering inflation.

kingkano

Maisie11 wrote: »

Kingkano,

Not worried about the HIP and losing £500 should we not go ahead and sell but from what I can gather NO ONE takes any notice of HIPS and it does annoy me that Labour comes up with this crackpot ideas and expects us to pay for them. However £500 is £500. I would rather spend this money on a nice weekend in Paris then pay something that is complusory but seemingly worthless........

Sorry if I misunderstood.

I agree £500 is £500 but it sounded like this is a very important decision for your children's future? £500 or even a trip to Paris does pale into insignificance compared to that.

I have just had a quick squizz around and you can get full HIPs from about £200? I'd consider it a worthwhile gamble in your situation.

steadysaver

meester wrote: »

Luckily for you, there are still private schools in this country, educating children who go on to contribute huge amounts of taxation, enterprise, and human capital to this country.

Or god forbid go on to (try) running the country

Unfortunately the education system in this country has been progressively destroyed by people with views like yours over the last 50 years or so.

Or by those who go on to (try) running the country.

There are some state schools that break the mould. I went to a Grammar school, (and a comprehensive for 3 years before that) and everyone was keen to learn. My friends have gone on to be doctors, engineers (like myself) and some have gone into politics.

But wasnt it these "Public school" boys who said that we should scrap grammar schools where people from a poorer background have a chance to realise their educational goals.

seven-day-weekend

The OP came here to ask for advice NOT to have a discussion about their lifestyle choices.

If they wish to release capital from their house and use it on educating their children, then that is completely their choice.

They asked for advice on the best way to do it, not to have their lifestyle lambasted.

PayDay

meester wrote: »

And you're like every other bitter foolish lefty I've ever met.

Since you have brought politics onto this, it's interesting to note that when the country was on its knees and striles were rife, it was a grammar school pupil leader, who built the country up (Maggie). Yet when we benefit from a decade of strong economic growth thanks to countries such as China, the two public school leaders manage to mess the countries future up (Tony and Gordon).

MissMoneypenny

I do have some sympathy for the op, as we deliberately moved away from London and the SE to raise our family. It had ceased to be the safe place that I had grown up in and was getting worse.

Just your senior school fees for two children are going to be 312k, which is nearly a third of the value of your house, if the market stops dropping and the school fees don't rise. I don't know what your mortgage is.

You don't always end up with what you think you will get for your money. My mother and her sister chose different routes for their children. We went to state school and I became an FX dealer and my sister married an FX dealer. My cousins' always went to private school and both went to Cambridge. One of those is an estate agent and the other married a builder.

MissMoneypenny

ds1980 wrote: »

If some of the private schools allowed "ordinary" people to use their facilities (swimming pools, tennis courts, cricket pitches) perhaps there would be a shortage! Oh no sorry us normal folk ain't allowed in!

Lots of state schools have all of that and more.