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House sale monies to invest
chocolatehelps_2
Posts: 2 Newbie
We have just sold our house and are moving into rented accom whilst we search for our next dream home!
Hopefully we will want to be buying again in 6 to 9 months time, so what do we do with the money in the meantime??
We will have about £350,000 to save but will need access to it after about 6 months. Any suggestions welcome!
Hopefully we will want to be buying again in 6 to 9 months time, so what do we do with the money in the meantime??
We will have about £350,000 to save but will need access to it after about 6 months. Any suggestions welcome!
0
Comments
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Don't invest it if you only have 6 months (you need 5 years + for investments).
You need to save in instant access.
Only put £50K in each insitution per person to be safe.
You will also need to check which institutions get counted as the same for this purpose e.g. RBS & Nat West are part of the same group.
Other than that go for the highest rates you can get.0 -
Thankyou lisyloo!0
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