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Equity Release
for School Fees
As standards in
state education
are so variable,
more and more parents
today are keen to
privately educate
their family. Far
fewer parents however
can afford to cover
all the costs involved
from income
alone.
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Independent school fees can vary enormously depending upon the child’s age and the location of the school but on average, the cost for a day pupil is around £7,000 per year. On the whole, school fees tend to increase on an annual basis as the children get older. In addition to fees, there are also other expenses such as meals, uniform, school trips, music lessons etc. These could add as much as a further 10% to the total cost. |
Independent school
fees can vary enormously
depending upon the
child’s age
and the location
of the school but
on average, the
cost for a day pupil
is around £7,000
per year. On the
whole, school fees
tend to increase
on an annual basis
as the children
get older. In addition
to fees, there are
also other expenses
such as meals, uniform,
school trips, music
lessons etc. These
could add as much
as a further 10%
to the total cost.
If you do decide
to send your child
or children to a
private school,
it is a good idea
to plan for future
years’ fees
to avoid disruption
to their education
in case circumstances
change further down
the line. If you
have some equity
in your home, one
possible way to
help meet the costs
of private education
for your children
could be to re-mortgage
and release some
extra cash at the
same time. It is
always worth regularly
reviewing your mortgage
anyway as you could
save money by getting
a better deal. There
are a great many
competitive re-mortgages
available at the
moment.
If you would like
to know more about
releasing the equity
in your home for
your child’s
education or for
any reason, please
complete an Equity Release
Mortgage Enquiry
Form
above and we will
arrange for one
of our advisers
to contact you.
Or you could call
us on 0845
108 0505.
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