just got money what now?

maryrose_2

i have a mortgage of £130k and want to sell my house £450k
I have savings of £80k - would it be wise to use money to pay off using my flexi mortgage - especially considering i am thinking of selling the house. my head hurts
i have only just got the £80k and dont know the best way to use it - should i save and where? or should i spend?
help
rose

h4nym

Hiya Rose

If it's a flexi, then pay every penny of the 80k into it - you can always borrow it back later if you decide you need it to buy something else.

What's the problem with selling your house and getting a cheque for 400k instead of a cheque for 320k? ;-) especially if you'll have saved 350 quid a month on your mortgage in the meantime!

H

donstermonster

To save you having a head ache send me the 80K and i will look after it for you and you can forget all about it hurting your head.

Its a free service, i will not charge and if it helps a fellow Moneysaver feel better i am willing to help

I will obviously open this offer up to other moneysavers with excess cash that they know not what to do with

DonsterMonster

liz.._4

I'd pay off the mortgage maryrose...