Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

    • Pzulba
    • By Pzulba 11th May 18, 4:24 PM
    • 5Posts
    • 0Thanks
    Short term savings
    • #1
    • 11th May 18, 4:24 PM
    Short term savings 11th May 18 at 4:24 PM
    Sadly #1 daughter is recent widow - current house (£200K) mortgage free; some £275K due from insurance etc
    Proposal is to relocate near to us and purchase property (upto £250K) as a Cash buyer, then sell original house and invest proceeds long term
    Question - what’s best location for the £275K keeping good access to expedite New property purchase?
    Any suggestions (sensible please)
Page 1
    • AndyPK
    • By AndyPK 11th May 18, 4:29 PM
    • 3,607 Posts
    • 1,075 Thanks
    • #2
    • 11th May 18, 4:29 PM
    • #2
    • 11th May 18, 4:29 PM
    rent out the first house through an agent.

    Should earn you the most interest and increase the investment the most
    • Broken Biscuits
    • By Broken Biscuits 11th May 18, 5:09 PM
    • 348 Posts
    • 664 Thanks
    Broken Biscuits
    • #3
    • 11th May 18, 5:09 PM
    • #3
    • 11th May 18, 5:09 PM
    For a amount that size and only wanting a very short term home, the only real answer is NS and I at 1%.

    Instant access and 100% government backed pledge of safety.
    • MallyGirl
    • By MallyGirl 11th May 18, 5:24 PM
    • 3,368 Posts
    • 8,580 Thanks
    • #4
    • 11th May 18, 5:24 PM
    • #4
    • 11th May 18, 5:24 PM
    She could put it in any bank and be protected under the FSCS 'Temporary High Balance' cover. This lasts for 6 months.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,106Posts Today

8,405Users online

Martin's Twitter
  • Right back to self imposed twitter exile until Thur - trying to be off work (not v successfully)

  • Too painful to talk about. That result really was offsensive. For rancid cheese & onion to beat powerful salt & v?

  • If you think this hypothetical's bad, here's some of my past polls - Which past PM would u resurrect to aid politi?

  • Follow Martin