Investing for school fees

[andyb66]

I am in a position where I have 60k to invest to help pay for my two daughters school fees; they are 6 and 4 so I have a while yet

The fees for the school I am looking at will cost about 100k each for the full period that they are in the school (waiting for PH style quips about it being a "cheap" school )

My idea is to buy (or part buy) a new-ish build flat (Wiltshire area so should be possible) and invest any remaining rent after mortgage interest into an ISA of some kind (guidance needed here too please)

Does this sound a reasonable idea? Would anyone be able to give me an idea if it would give me the income needed to met the fees; obviously it would continue to give income while the girls are at school.

Bit of background. (No violins needed) I have literally come from a penny counting working class family. I am not from a world where this sort of investment and income is usual, which is why I am looking for the advice. So I may need some of the terminology explaining too me

Thanks all in advance.

Edited by andyb66 on Friday 26th June 08:27

Edited by andyb66 on Friday 26th June 08:29

[andyb66]

Thank you for that, but yes I am aware of the full year and sibling discounts.

[andyb66]

ATG said:

What age are they going to start incurring the fees ... 11, 13?

From age 11. Annual fee for a local school is around the 15k mark.