What do do with 40K 31 January 2017 at 12:08PM edited 30 November -1 at 1:00AM in Savings & Investments 4 replies 540 views

skidderbrown

As the title says does anyone have any investment ideas with the above amount?

I am mortgage free but have a 2nd flat that has a mortgage of £43k on it.

I would be interested to hear anyone's views whether to pay this off or invest somewhere?

Thanks in advance.

Chris

Linton

What interest are you paying on the mortgage? Is it higher than you could reasonably safely get as interest or investment growth?

Have you any known need for some of the money in the future? If so when?

Eco_Miser

When do you require access to the money again?
Have you read any of the other threads with similar titles, or the one about invest or pay down mortgage?

skidderbrown

Linton wrote: »

What interest are you paying on the mortgage? Is it higher than you could reasonably safely get as interest or investment growth?

Have you any known need for some of the money in the future? If so when?

Well I shouldn't need the money anytime soon.

I'm paying about 3% at the moment but I'm locked in for another 9 months so would pay off then.

Thanks for the reply.

skidderbrown

Eco_Miser wrote: »

When do you require access to the money again?
Have you read any of the other threads with similar titles, or the one about invest or pay down mortgage?

I'll read that now thanks.