£60K - where to put it?

fireuptheband

deefadog wrote:

fireuptheband, yes i'll post any other advice i find here, as were in the same baot it seems, please do so on your part aswell!

My aim, is to over pay my current mortgage and invest the lump sum, so in 4years time the figures will meet and i'll mortgage free

Yep, will do.

The readies won't be 'ready' until early next year, so am just sorting out where to put it for now.

deefadog

Mine too - Mines from a house sell i was left, so hope to maximise it to pay off my own mortgage!

Poppycat

Post reported for advertising which isnt allowed on these forums, You have posted this twice now.

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burbs_2

fireuptheband wrote:

Hopefully, we may be in a position to receive £60K.

We sold 50% of old property to my sister and she wants to now by the other half.

Would we be liable to capital gains? We have no mortgage on our half, so would just receive the cash.

Was also wondering where best to keep it. We have a mortgage on our current property, but are unable to make overpayments for the 2 year term (18 months left).
Would like to keep it (60K) somewhere for these 18 months and then pay off some of the new mortgage, which is at 4.69%.

Any help, greatly appreciated. :beer:

You can always pay it into my account if you are really atruggling for ideas! I will look after it for you :A