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what to do next

darmellin
darmellin Posts: 1 Newbie
in Savings & investments
I have recently received an advance on my mortgage of 27k for home improvements taking my total borrowing to 75k.Its currently on a 2 year fixed rate of 1.85%. I have decided not to carry out the works and find myself with the 27k sat in my barclays current account. I'm not sure what to do next wether to pay the sum back and pay a penalty or perhaps invest it somehow? I would appreciate some advice please
Thanks Darren

Comments

  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Spread it across Santander 123, Lloyds Club and the TSB current account that pays 5% p.a. Then you'll still have it if you should change your mind back.
    Free the dunston one next time too.
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