School fees VAT hike: Self-employed parents scramble for mortgage solutions

“We’re definitely seeing an uptick in parents remortgaging or opting for offset mortgages to handle the rising school fees and the overall cost of living crisis,” confirms Dariusz Karpowicz, Director at Albion Financial Advice, courtesy of the NewsPage Agency. While the difference between salaried and self-employed parents isn’t vast, Karpowicz suggests that self-employed individuals might have a slight advantage due to their potential for greater control over their income. Karpowicz suggests balancing the potential savings against the current costs of remaining on a variable rate.