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Money After Selling Property?
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konn1ch1ha
Posts: 246 Forumite
Hi all,
I'm looking for some advice where I should put the money from my property I am selling. I understand this is a loaded question so I'll briefly explain what my medium-term plan is.
My flat is nearly sold, will hopefully complete in the next few weeks. I am then looking to buy elsewhere but not immediately. Where or what accounts/ISAs would be a smart/fiscally sensible place to have it in t he meantime?
Thanks!
I'm looking for some advice where I should put the money from my property I am selling. I understand this is a loaded question so I'll briefly explain what my medium-term plan is.
My flat is nearly sold, will hopefully complete in the next few weeks. I am then looking to buy elsewhere but not immediately. Where or what accounts/ISAs would be a smart/fiscally sensible place to have it in t he meantime?
Thanks!
0
Comments
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#2 Saving for Christmas 2024 - £1 a day challenge. £325 of £3660
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Depends on how much money it is really - if over £85k, then in a signle bank or building society you are only protected for up to 6 months by FSCS, so you might want to look at NS&I acoounts if that worries you, or spread it over severl different banks (making sure that they do not share the same licence)
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It was. Didn't know what sub was more appropriate to post.JGB1955 said:1
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