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Original poster

Paying for Secondary School fees

36 replies

Beansfordinner · 26/03/2018 17:56

Hello
My daughter gained a place at a private school. No state school offer at all because we don't fit religious criteria or location criteria.
The only way to pay for her education is to re-mortgage my home. I own it jointly with her father, from whom I am separated. He will only agree to it if he gains complete control over the re-mortgage. He wants to use the money to re-invest for his own benefit, to make a profit whilst the yearly fees are paid.
What should I be aware of?

OP posts:
SolidarityGdansk · 26/03/2018 18:40

Move to somewhere with better schools.

Your ex’s plan is too risky. Don’t gamble your home and security for school fees.

cestlavielife · 26/03/2018 18:20

It s only march. Get on wait lists.

cestlavielife · 26/03/2018 18:20

Sell the house and use the equity to get your own property in your name.
Do you have your own income?
How will you pay the increased mortgage?

Send dd to state school.

Hadalifeonce · 26/03/2018 18:18

If you pay school fees in advance, you will normally be offered a reasonable discount, which is generally at a better rate than you would get from any bank/building society. It's worth asking that question before your ex-p 'invests' the money

NerrSnerr · 26/03/2018 18:16

Can you elaborate on the state school situation? Was she offered no place or are you not happy with what was offered?

It sounds risky doing it your ex's way,
you could be screwed if it goes tits up in a couple of years.

Is your daughter on any waiting lists for state schools?

TeenTimesTwo · 26/03/2018 18:12

If they didn't offer you a place in the first round you should be
a) nagging them to find you a place
b) appealing for schools

If you haven't got a place then it should be easy to prove that the advantage to your child to be given a place outweighs the disadvantage to the school of taking on your child as an additional pupil.

Allthebestnamesareused · 26/03/2018 18:07

So he wants to reinvest the cash to generate an income to pay the fees which seems really risky.

As you are not together can you actually trust him not to just bugger off with cash leaving you in the lurch.

I assume you me a you didn't get an offer you were happy with.

Islandbabe · 26/03/2018 18:06

My sympathies on no school offer. Same for us. Unless you count the “allocated school” which is under measures! Not an option. We will be financing in similar way. While still payng tax for the rest who,were lucky to get a good school, place! Naturally the in-laws think I am being extravagant! Unless your estranged husband is Buffet it sounds like a gamble and may fall foul of the terms of your mortgage application. I doubt his returns, unless risky will cover fees. Ask him for a report from his financial adviser. Good luck.

xyzandabc · 26/03/2018 18:04

Do you truly mean you have no state school offer or do you mean you either haven't applied for a state school place or have chosen to decline the school you were allocated?

Or are you not in England as most people would assume this.

flowery · 26/03/2018 18:01

You should be aware that your local authority not offering your daughter any education is unlawful.

Knittedfairies · 26/03/2018 17:57

I can’t get past no state school offer at all!