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bursary application- does the finance company come o house to see each room?

(14 Posts)
schooling123 Sun 23-Jun-19 05:51:06

bursary application- when the finance company comes to your house, what do they want to see?

OP’s posts: |
GeorgeTheBleeder Sun 23-Jun-19 06:02:54

They want to assess the truth and accuracy of the information you have given on the application form.

What is it that you are concerned about?

PettsWoodParadise Sun 23-Jun-19 07:06:43

Every school will instruct their bursary agents differently. When we applied no, they just stayed in the kitchen and chatted, they didn’t tour the full house. They were interested in how many bedrooms and equity in the property. Having lodgers or downsizing, etc may be taken into account as options available to you by the assessor.

TinselTimes Sun 23-Jun-19 07:34:46

Depends on the school and the company. They may want to see every room, so best to prepare as though they will.

stucknoue Sun 23-Jun-19 08:10:00

Ours didn't have a home visit, we just submitted full finance information and mortgage paperwork

AnotherNewt Sun 23-Jun-19 08:12:57

If they make a home visit, they will want to see enough to show that you really live at the place you claim is your home (yes, some shitty people really try to rip them off)

It should not however be intrusive, unpleasant or unprofessional.

GeorgeTheBleeder Sun 23-Jun-19 08:48:16

Also, (unless you’re living in a war zone or refugee camp, in which case different considerations would apply) they may want to be assured that the child’s home life is stable and supportive enough to help them thrive at the school - thus making the financial investment worthwhile.

I’ve never heard of anyone having an unpleasant experience with a home visit, but obviously it’s stressful for you as so much hangs on it.

amicableAs Sun 23-Jun-19 08:50:31

We didn’t have a visit and our daughter had a 100% bursary plus uniform lunches and travel for years 7-13 . We just filled in the paperwork and sent off various proof with it etc

GeorgeTheBleeder Sun 23-Jun-19 09:12:10

I suspect it’s a more regular occurrence for boarding school bursary applications amicable. Day school parents are more local, so easier to assess remotely. There’s a much bigger financial risk with boarding fees. (And it’s even more important to make sure that the child’s home life will be a source of strength when they’re away from home.)

CherryPavlova Sun 23-Jun-19 09:17:32

We didn’t have a visit or any contact with a bursary agent when we transferred to boarding school. It was more or less just the Master’s say so.

GeorgeTheBleeder Sun 23-Jun-19 09:25:04

Are you saying you received a bursary without any of the usual formalities - such as filling in an application form and providing evidence, Cherry? If so, that sounds worryingly weird and exclusive.

Happysummer Mon 24-Jun-19 19:00:45

I would think it's much the same as starting primary school visits, simply seeing the environment DC is in (and ensure there are no hidden Monet's on the hallway wall 😬).

Assuming you have divulged full financial details already, I'd ask if there is anything you need to provide and ask for the format. Shouldn't be anything to worry about.

CherryPavlova Mon 24-Jun-19 22:06:32

We gave the admission tutor a rough breakdown of income and all outgoings after they’d been awarded scholarships. Nothing more. No application. No house checks etc. Definitely not a pure process.

ifonly4 Tue 25-Jun-19 11:52:25

We didn't have a visit and were awarded a 90% scholarship and bursary. We were asked for proof of house and car value, and provided them with something we'd come across online which they accepted. Also, bank, savings, pension and mortgage details. I think it'd be more about knowing you're not living an extravagant lifestyle and expecting others to pay for your DC's education.

I wouldn't worry too much, our house is probably worth £325,000 which sounds a lot but it's very bog standard and below the average local price. We've met some lovely parents, but there's no way we can compete with their lifestyle and purchases.

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