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What to do with £100k...???

M22kk56 · 2018-05-29 21:04:13

Looking for advice on what to do with £100k I'm due to inherit in cash. My situation is as follows... Currently have £200k mortgage on £250k house I live in and promo rate is fixed at 2.2% for three more years. I also have a BTL with £75k mortgage on £100k property at 4% interest rate. I have no other debts and no big…

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bostonerimus Posts: 5,617 Forumite

30 May 2018 at 8:15PM

A conservative move would be to pay off the 4% BTL mortgage and put rest in the bank. Then use the rental income to up your company pension and an ISA contributions which should be in a diverse portfolio of stocks and bonds.

If you are more aggressive keep the 4% mortgage and use the money to allow you to max out your company pension and ISA contributions......you could do worse than a respectable multi-asset fund from Vanguard, Black Rock etc.

“So we beat on, boats against the current, borne back ceaselessly into the past.”
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