Paying for Secondary School fees

[Beansfordinner]

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?

Oh and the pitfall is that he fucks off with the money.

That sounds nuts. Don't do it.

What do you mean “waiting list is not an option because they are full”?

You can’t afford private school so you need to solve your problem another way. Either by moving, getting a place from a waiting list or appealing.

I would move. You could be putting yourself into a very difficult situation otherwise and still not have a school option for your DD.

Sell the house and rent in a good catchment area. Your ex’s plan sounds very risky.

Def try for a bursery, we got one for 50% reduction.

Depending on where you are, you should now be able to go on any waiting list, not just your 6 preferred schools.

Go on all waiting lists. Places appear right up to the second and third week of term. Appealing for any school that especially supports your Dd’s Interests and talents.

A roof over you and DD’s head is paramount.

The plan sounds risky. How much are the fees, and how much will he make? The fees are not a one-off payment, but have to paid every year for seven years, and usually go up in cost. Can you realistically afford this.

Well, it sounds like it's his house and money too? So both of you want to control the money and don't trust each other- you aren't together so makes sense.

The fees should be invested - it would be utterly financially stupid to withdraw the money and let it sit in an account for a few years.

If you're both in agreement as to going down the fee-paying route, then a grown up solution could be to perhaps set up a trust managed by a third party with the sole purpose of preserving assets as much as possible and paying the fees.

How are you going to pay the extra mortgage?
Why does he get a mortgage paid off?
Very risky

If they full you go on wait list. A lot changes between now and during first term.

Visit knife crime school find out more about it.

Chances are she gets a place at a preferred school.