Buy or put money in fixed saving account

50something

Hi all imput welcome
Sold house and have 50000 .I am living with partner who has just bought with a 5 year fixed this property has nothing to with me.
plan is to buy together in 5 years time.

options i have
1 stick money away and save for 5 years no outlay just opening accounts
2 buy a place and let it out, sell in 5 years buying and selling costs
Anyone more savy about buy to let give me some ideas about which is best way to go

mlz1413

Could you buy a place that you and partner would like to move to in 5 yrs time?

I would probably save the money and then see what the general election brings in May, if interest rates go sky high then you will be in a better position to live somewhere where the bills are set for 5 yrs and your money is earning high interest.

If the interest rates remain the same then you can decide what is best for you at that point.

50something

Thanks no chance to buy a place for us both, prices really high here bournemouth. Just driving round and checking out places for rent, buy to let market here seems to be over subscribed so unless place is a really a good buy getting enough rent to ensure morgage payments would be chancy