School fees - mortgage

daveyjp

Ask the school what the realistic amount is for fees and other costs.

We have friends whose children attend various private schools, fees start at £12,000 per year. This excludes meals and some after school activities, trips, uniform etc etc. An estimate of the total cost of a year for all the extras is 50-100% of the fee costs. Holidays are also longer so you need to factor in that aspect. They finish next week for 10 weeks.

As for the mortgage aspect Santander used to do a fully flexible mortgage. This gave you a credit limit of 90% of property value. You could then borrow any amount up to this and repayments were adjusted accordingly to keep you to the end date of the mortgage. You could also overpay. This is a few years ago, but worth asking if they still do one.

Wh05apk

This should not be a problem to arrange, lenders on the whole would have no problems, ignoring whether you should or not, we all spend our money differently and have different priorities, your children's education is obviously important to you.

iammumtoone

Zoology_Dragon wrote: »

I assumed it was for secondary school, aged 11 to the end of sixth form is seven years.

Sorry my mistake.

breakingbad

(I'm aware this isnt an education forum, so I'll be brief!).

A state school has to be absolutely terrible for children not to make the expected levels of progress IF parents are doing what's expected of them at home. This is in no way a criticism of you OP, far from it, but too many parents seem to think they send their children to school and that's the education taken care of. Afraid not, children learn far far more from the parents at home than they do from school. School is a vehicle which can introduce key concepts, new ideas etc - it's up to the parents to be doing the extra at home. Unfortunately, it doesn't happen much these days.


I would save your money. Private schools aren't all their made out to be.