Advise with my current savings 52k

Thrugelmir

Why not open a series of fixed term accounts. Then you'll continually having accounts maturing that can be utilised or simply rolled over again. You'll achieve better interest rates that way.  If need be you can have the interest paid to you every month. 

Inflation may eventually "lose" you money. 

Vortigern

digalumps said:

Rather than a Marcus account at 1.2% you might want to consider an NS&I account at 1.15%

Why would you opt for a lower rate?

RG2015

Vortigern said:

digalumps said:

Rather than a Marcus account at 1.2% you might want to consider an NS&I account at 1.15%

Why would you opt for a lower rate?

 Perhaps they knew that Marcus would be reducing their rate to 1.05%. There is also a suggestion that the government will hold the 1.15% until the covid emergency is over.

DiggerUK

Bucki, not a lot of joy for you atm, just build house funds up in whatever way pays best.
You should consider a rolling plan of 1yr fixed term, or staggered regular savers alongside Premium Bonds. The reasoning is that you would know about 12 months before your purchase when you would be ready.
Once you have a mortgage hanging round your neck clear it off ASAP. I would add that there is every chance of heavy price falls in houses coming up, no need to rush in, save and wait. 

Best of fortune..._ 

Bucki

DiggerUK said:

Bucki, not a lot of joy for you atm, just build house funds up in whatever way pays best.
You should consider a rolling plan of 1yr fixed term, or staggered regular savers alongside Premium Bonds. The reasoning is that you would know about 12 months before your purchase when you would be ready.
Once you have a mortgage hanging round your neck clear it off ASAP. I would add that there is every chance of heavy price falls in houses coming up, no need to rush in, save and wait. 

Best of fortune..._ 

One of my top question is about "when to purchase a property - during pandemic or after". Not sure what the current trend is, as you said "there is a heavy price falls in houses". To be fair I am not somebody good with chaising and finding the information quick enough. 

At moment, I decided to go for 40k with RCI Bank (hope their rate won;t go down ) but even so .. well what can I do.  Hoping to see a decline in the housing prices BUT even then - wonder what the mortgage will be like : probably high interest fees due to pandemic?

UPDATE:

Noticed the RCI bank also went down to 1.05% and NS&I AT 1.16%