Remortgaging to finance Masters

fatboise

Registered User
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My son has recently been offered a Masters in Berlin in the ESMT (European School of Management and Technology) and needs to finance himself for 2 years. He was initially looking into a student loan but because this course in in Germany most of the banks that he has spoken to are not willing loan him the money.

I was thinking of remortgaging another 20k to finance the masters and wanted to know if anybody has done anything similar and if they have any tips and tricks that they have learned through the process.

A few of the questions that I have.

1. Will a bank be open to this idea as the money will be used for financing a 3rd level qualification
2. What is involved with remortgaging?
3. Is there a lot of hidden cost? Is it just like applying for standard mortgage?

Any help is greatly appreciated.

Any information/feedback of the college with be appreciated also if anybody has had experience with it?
 
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