Short term home for substantial inheritance
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Pengman
Posts: 5 Forumite
I've recently inherited a six figure sum which I want to invest in the Buy to Let market over the next six months or so. Meanwhile, what should I do with it? I'll need easy access to it when the time comes. As it's a short term investment prior to the BTL, I want to avoid the stock market for the obvious reason that the investment won't have time to recover if the market dips.
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NS&I would fit the bill. any pareticulated reason you want to sink your windfall into BTL?0
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Keep_pedalling wrote: »pareticulated0
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ulster bank for £85K (unless you also have money with RBS/Natwest) pays 1.25% instant access.
Otherwise NS&I (any amount) paying 0.75%
Or farm it out in dribs and drabs to get higher rates instant access.0 -
I've recently inherited a six figure sum which I want to invest in the Buy to Let market over the next six months or so..
What attracts you to BTL? In my experience it's a pain in the bum already and there'll be even more regulation post Grenfell. If that weren't enough the returns are poor nowadays, the easy money's already been made0 -
My reason for favouring BTL is mainly diversification. My SIPP is in the markets and I've already got a six figure sum in a S&S ISA, so I need to be in something else with the inheritance. I've not done a BTL before so am a bit nervous I admit. Anything else I should be looking at?0
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P2P lending is an asset class that could be considered.
Maybe look at commercial property either directly held or through funds.0
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