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PostPosted: Sat Feb 24, 2018 5:08 pm 
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Joined: Mon Apr 21, 2014 10:21 am
Posts: 263
I'm after a little advice please. I am thinking of sending DD to a non selective independant school in year 7 and am in the process of filling in my bursary form. We have about 60,000 equity in the house at the moment. Will I be expected to release some of this before I will be issued with a bursary ( it is only for 20% but makes the difference between affording it or not).
I have no other capital or savings to note.


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PostPosted: Sat Feb 24, 2018 5:31 pm 
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Joined: Tue Sep 27, 2016 8:31 pm
Posts: 191
I don't think so.

They need to know house value along with outgoings, holidays taken etc.

I think they might question a v large amount of equity in the same way they'd question if you took 6 holidays a year or had a second home.

Good luck!


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PostPosted: Sat Feb 24, 2018 5:40 pm 
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Joined: Mon Apr 21, 2014 10:21 am
Posts: 263
Sla212 wrote:
I don't think so.

They need to know house value along with outgoings, holidays taken etc.

I think they might question a v large amount of equity in the same way they'd question if you took 6 holidays a year or had a second home.

Good luck!


Thank you. Our house is minimal, would be impossible to downsize unless we want to live in a flat, no second home and unless you class camping weekends as holidays then we definitely do not have more than one. I am just panicking a bit as on paper it looks like we have money as they are asking about general household assets ( ie household contents, cars). I just has a thought of whether the expectation would be to remortgage first.


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