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Money into mortgage or not?
scotgirl
Posts: 805 Forumite
I hope I have posted in the right place.
I am to receive a gift of £10,000 from a Grandparent and I need some advice on what to do with it.
I am due to move into my new house in May and am unsure if I should use the money to reduce the mortgage or save it? The current mortgage would be 70% LTV before putting in the money I am to receive.
Thanks for any help. :money:
I am to receive a gift of £10,000 from a Grandparent and I need some advice on what to do with it.
I am due to move into my new house in May and am unsure if I should use the money to reduce the mortgage or save it? The current mortgage would be 70% LTV before putting in the money I am to receive.
Thanks for any help. :money:
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I would use the money to reduce the mortgage.0
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