advice welcome

xylophone

Have you filled your cash ISA for this year? If not might be an idea to get on with it right away -one for you and one for your wife. (£10680 in total).

Put the balance in the highest paying instant access account you can find (in your wife's name if she is a non tax payer) from this take out cash ISAs for each of you on 6th April (£11280 in total).

http://moneyfacts.co.uk/compare/savings/accounts/search/ - compare accounts here.

atush

agree with xylo. Then you can keep adding monthly to the pot in the easy access.

It really was a bit of a pipe dream to ask for a mtg with your OH on Maternity leave. So save and re apply after the baby comes and she is working again.

jamesd

jake2010 wrote: »

the house prices on the south coast are a more than 100,000 down here. my earnings are £20k PA my partner is on maternity at the moment so has dropped our household income down a bit. we are dept free, apart from a few ££ on our CC but nothing much.
so the advice they gave me is to bring my saving up to the £35k so am looking to put my money somewhere for 12months to get good rates plus to be able to add each month.

Hmm, wife, child and fairly low income is going to make things tough for you on affordability grounds - the child will hurt with required extra expenditure as well. If you can't find a cheaper two bedroom flat that would meet your needs or a house in a lower cost area - maybe further from the coast or in a less good area - then more saving is probably what you're going to be left with. Or maybe a place that needs refurbishment that you could take care of improving over time.

Onawingandaprayer

jake2010 wrote: »

the premium bonds look like a good bet, i will have to look in to them a bit more, they have a better AER.

Entirely up to you, but have a shufty at this before sticking your hard earned wedge anywhere near the NS&I

http://www.moneysavingexpert.com/savings/premium-bonds#are