savings

smudger1946

Hi All, i get the money from sale of home soon, it's £200,000 +, should i buy another property now, wait till new year and buy, or save, and where should i save for best return and easy access, incase i do buy something?
I will be retiring age in 3yrs time too.
Thanks in advance.
Smudger

maypole

If I remember rightly, someone on Working lunch said wait about 6 months as property prices will be falling or at least staying still, google them, I can't remember which day it was. If I am wrong, forgive me, I here these snippets and sometimes can't remember where I here them . In the meantime, spread your money out into various places and put no more than £35000 in each. Google Moneyfacts and you will get the best savings rates.

I have just asked a question about banks v building societies, after this carry on witht he NR.

Aegis

In all honesty the property price debate is far from a reliable science... Some are predicting property price crashes very soon, others are claiming that the price is set to rise slower than it is at the moment for a while without a crash, still others are optimistically assuming that prices will continue to rise at current levels for some time.

If you need somewhere to live, then decide for yourself if you'd prefer to buy or rent, but don't put off buying for so long that you can actually afford less than you could to begin with