We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
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:
The Best Things in Life Are Free
0
Comments
-
I would use the money to reduce the mortgage.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards