Short term home for substantial inheritance

Pengman
Pengman Posts: 5 Forumite
edited 2 August 2017 at 3:12PM in Savings & investments
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.

Comments

  • Keep_pedalling
    Keep_pedalling Posts: 16,438
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    NS&I would fit the bill. any pareticulated reason you want to sink your windfall into BTL?
  • le_loup
    le_loup Posts: 4,047 Forumite
    pareticulated
    Is that when your mother tickles you?
  • Keep_pedalling
    Keep_pedalling Posts: 16,438
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    le_loup wrote: »
    Is that when your mother tickles you?

    Nio it's what happens when you try to post using a not so smart phone with a little screen :)
  • G_M
    G_M Posts: 51,977
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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.
  • dividendhero
    dividendhero Posts: 2,417 Forumite
    Pengman wrote: »
    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 made
  • Pengman
    Pengman Posts: 5 Forumite
    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?
  • bigadaj
    bigadaj Posts: 11,531
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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.
  • kidmugsy
    kidmugsy Posts: 12,709
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    Pengman wrote: »
    I've not done a BTL before so am a bit nervous I admit. Anything else I should be looking at?



    How old are you? You could spend the money on training for a different career. Medicine? Flying? Law?
    Free the dunston one next time too.
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