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should i put £5000 saving into my morgage or invest?
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lisa_shaun
Posts: 7 Forumite
ive been saving up for a while and curious to see what anyones opion should i put it down on my house or invest it for a few years?
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read this thread which is covering the same subject
http://forums.moneysavingexpert.com/showthread.html?t=132844I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
At leas you should post your mortgage interest rate ...lisa_shaun wrote:ive been saving up for a while and curious to see what anyones opion should i put it down on my house or invest it for a few years?0 -
If you have a repayment mortgage, bear in mind that if you put capital into it it will be very difficult to get out again if you need it. You can get close to mortgage rates from savings accounts, and you can often beat them with other investments, and although there is often an emotional desire to get shot of a mortgage there may be better options.0
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