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What to do with £50,000?
aydepatty
Posts: 1 Newbie
My husband has inherit £50,000 which is great but now we don't really now the best way to invest it.
We have been thinking in buying a house in Spain but I don't know if £50,000 will be enough to buy something that doesn't need everything done to it. Has anybody have done something similar?
Another option going up in the property ladder but I'm a bit scared since at the moment house climate is not very stable.
We know we need to talk to a financial advisor but I don't want our money just to sit in a savings account. This is a unique opportunity and we want to make the best of it.
Thanks for any of your comments
Aydepatty
We have been thinking in buying a house in Spain but I don't know if £50,000 will be enough to buy something that doesn't need everything done to it. Has anybody have done something similar?
Another option going up in the property ladder but I'm a bit scared since at the moment house climate is not very stable.
We know we need to talk to a financial advisor but I don't want our money just to sit in a savings account. This is a unique opportunity and we want to make the best of it.
Thanks for any of your comments
Aydepatty
0
Comments
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Pay off part of your Mortgage?
Spains property market is very unstable at the moment. I wouldn't buy there unless you know what and where. Don't listen to salesmen.
An old saying " when in doubt do nowt" better to lie in a high interest acount earning money. No rush to throw it at something is there? ;-)0 -
Posted twice, sorry0
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Why not use the 50k to pay a chunk of your mortgage off?
You could always get it back if you decide to do something else with it, and in the mean time it will save you a fortune on interest.0
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