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Hi folks .newbie here ,ive been thinking about it quite a while, i cannot workfulltime due to ill health but might be able to do some part time work .im 58 i have a morgage 15k so im thinking i might sell my house £155k .
where do you think the best place would be to invest £100k so i would make enough interest to go towards paying rent (380pcm)on a house.cheers .

Comments

  • Steve_xx
    Steve_xx Posts: 6,997 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Birmingham Midshires currently have an account that pays 6.05%, but you have to leave the cash there for 1 year. That would net you £4840.00 on 100k after tax at 20% has been deducted. Giving you £93.07per week.
  • Steve_xx
    Steve_xx Posts: 6,997 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Birmingham Midshires currently have an account that pays 6.05%, but you have to leave the cash there for 1 year. That would net you £4840.00 on 100k after tax at 20% has been deducted. Giving you £93.07per week.
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