Best use of Inheritance

JethroUK

It's clear after the first two paragraphs that you won't need to worry about the money for too long because it's clearly burning a hole in your pocket

"Best use"?

Don't blow it all by next year

Doozergirl

The_Earl_of_Streatham wrote: »

Council housing is not subsidised. It's a myth that seems to pervade these boards and poison all advice offered to people who live in council housing. Certainly it is undervalued when it is bought by tenants and people come in for some stick over schemes to buy and profit.

Simply living in council housing places no moral obligations on anyone through receipt of subsidy.

http://www.theguardian.com/housing-network/2012/jan/27/government-subsidised-social-housing-rent

A more detailed analysis is offered here.

http://markwadsworth.blogspot.co.uk/2013/02/which-subsidies-to-social-housing.html

Sad, isn't it, when a fair rent and a secure home is seen by many/most as being financially unrealistic, or the recipients as having some kind of unfair advantage.

AnotherJoe

We are becoming increasingly dissatisfied with life in the UK and often think about the idea of buying a property abroad, we currently live in a council house and I assume that if we own a property abroad even if its only intended as a holiday home
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Big contradiction even in less than a sentence.
Did you want to move abroad, or buy a holiday home?
Two very different things.
If you want to move abroad,well yes you could, and you should if you are "dissatisfied with living in the UK", but then why worry about your council house, you'll be living abroad?

If you want somewhere you could have occasional holidays, then you'll find it far cheaper and far less hassle to just rent places. I've just booked a week in Tenerife, I'm seeing very nice apartments at £40 a night.

If its too expensive where you live, as said look at moving elsewhere in the UK where its cheaper, heck there are many places you could buy a house for £90k let alone buy one with a mortgage!

I think you need to sort out what it is you actually want at the moment your post does come across as just wanting to spend your money because you are missing out on opportunities. If you just want to travel more, that can be done without needing to buy a house or a camper van.

(FWIW with a camper van, you'll find its just as cheap to use your a car and stay in B&Bs once you factor in the loss in value of a van over time plus camp site fees, unless you are travelling a lot, which means, changing your jobs to accomodate)

getmore4less

I think you need to get a much clearer idea of what you want to do and why.

If you need to continue to work then that sets parameters of what is sensible and what is just going to waste money.

part of the rpoblem is your have blown 1/3 of it allready where as if you had waited you could have had a more focused approach.

Anyway...
If still working then that rules out a lot of options
touring van will not work that well for real traveling the few weeks a year you have, it will sit doing nothing or spend a lot of time getting places.
A holiday home does not realy have you traveling just living somewhere else for a few weeks a year and to get the use it stops you going other places.
Much better to just rent somewhere(off season loads of places a cheap and flights are OK prices)

Moving abroad needs clear focus where why and research or you just go from living in one unhappy place to another.

The idea of moving to a UK area where £90k will get a decent place, £145k would have got something much nicer), mortgage/rent free(or small mortgage) would free up money for travelling.
Pick somewhere with good transport links and use free time to travel, weekends europe, longer holidays further.

If you can give up work then that opens up a lod a of options and £90 will go along way but you will probably have to work again at some point.
If you want some insperation on travel here is a great blog on doing europe in a van
http://www.theworldisourlobster.com

plenty of other blogs on further afield like Asia.

If you actually like where you live now than just keep the cash invested and take out say £5-10k and travel when not working, should get 2-4 good trips a year and it will last 15-20years

back to the start get a clearer idea of what it is you are trying to do.

chorlton

You don't say how old you are but, have you got a pension/retirement plan? If it was me in your position i'd think about saving/investing for the future. Either so I could enjoy travelling and a few luxuries after retirement, like your mum did. Or even to buy a flat somewhere upon retirement and have something to leave to my kids/grandkids.

justme111

Yoi asked for perspective - may this will be useful :
It is generally accepted that one can have as an income sustainably (without depleting capital) about 4% of that capital. So on £50 grand you spent you could have had £2000 a year till the end of your lives. Without touching those 50 grand. What has better value for you - 2 new cars and 2 superholidays or 2 000 a year forever ?