How This Family Renovated Smart Without Letting Private School Fees Hold Them Back
When strategy meets flexibility, the right solution opens doors and sometimes, new living spaces.
For this family, their home had been perfect for more than a decade. But as their teenagers grew older and independence became essential, they needed more space, both for the kids to spread out and for the parents to reclaim their peace upstairs.
The challenge? Their borrowing capacity was being limited by private school fees, making it harder to raise the funds needed for substantial renovations.
The Challenge
- Significant renovations needed to create separate living spaces for teenagers
- Borrowing capacity limited by private school fees
- Needed flexibility to manage different trades instead of a single fixed builder
Our Strategy
We worked with a lender who recognised that the family’s school fee costs would soon reduce.
- The lender accepted that fees for their eldest (in Year 12) could be covered by savings held above what was needed for the renovations, effectively halving their private school fee expenses.
- This improved their borrowing capacity and allowed the renovations to go ahead.
- We structured the loan as an equity release, giving the clients flexibility to engage multiple trades and manage costs, rather than being tied to a fixed construction loan.
The Result: A Renovation That Worked for Everyone
The family secured the funds needed to complete their renovation, giving the teenagers their own space downstairs while allowing the parents to enjoy peace and quiet upstairs.
The equity release structure helped them save money and maintain control of the project. And by easing how school fees were treated in their assessment, we helped them move forward sooner, without financial strain.
“They were able to use smart lending to improve their lifestyle and strengthen their position for the years ahead.” – Tanya Du Preez, Affinitas Finance
Watch Tanya break it down in the video below.
What Next
Thinking of buying soon?
Whether you’re weeks or months away from your purchase, the right loan structure can save you more than just stress – it can save you thousands. If you (or someone you know) is preparing to buy, let’s sit down and make a plan.
Turning What If? into Welcome Home
What our clients say.
We’ll work with you to understand your long-term goals and provide tailored solutions to help you achieve them, helping you get a great deal in the process..