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  • FIRST POST
    • Pzulba
    • By Pzulba 11th May 18, 4:24 PM
    • 1Posts
    • 0Thanks
    Pzulba
    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
    • 2,826 Posts
    • 784 Thanks
    AndyPK
    • #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
    • 345 Posts
    • 659 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%.
    https://www.nsandi.com/income-bonds

    Instant access and 100% government backed pledge of safety.
    • MallyGirl
    • By MallyGirl 11th May 18, 5:24 PM
    • 2,674 Posts
    • 7,675 Thanks
    MallyGirl
    • #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.
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