Where to invest 70k

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Greeno13
Posts: 7
Joined: Sun Mar 19, 2017 7:49 pm

Sun Mar 19, 2017 7:54 pm

I have recently inherited £70k and I am not sure what to do with it.

I have my own house which is currently mortgaged but I want to try and invest it for the future.

What should I do with the money? My money looks like it will devalue if I put in in a savings account.

ohwhynot
Posts: 2
Joined: Sun Mar 19, 2017 3:44 pm

Mon Mar 20, 2017 10:23 pm

Greeno13 wrote:
Sun Mar 19, 2017 7:54 pm
I have recently inherited £70k and I am not sure what to do with it.

I have my own house which is currently mortgaged but I want to try and invest it for the future.

What should I do with the money? My money looks like it will devalue if I put in in a savings account.
The standard answer a few years ago would have been, stick it in a buy to let but things have now changed and the government seems to be anti buy to let.

craigmj
Posts: 3
Joined: Sun Mar 19, 2017 4:07 pm

Tue Mar 21, 2017 11:34 am

OP have you got any debt? I would pay that all off first and see what you have left.

Greeno13
Posts: 7
Joined: Sun Mar 19, 2017 7:49 pm

Sun Apr 02, 2017 8:03 pm

craigmj wrote:
Tue Mar 21, 2017 11:34 am
OP have you got any debt? I would pay that all off first and see what you have left.
I don't have any debts apart from the Mortgage, and that is on such a low rate I am in no rush to pay if off.

stevenev
Posts: 14
Joined: Tue Mar 07, 2017 1:24 pm

Mon Apr 10, 2017 10:58 pm

If you haven't already pay as much into an ISA as possible.

Greeno13
Posts: 7
Joined: Sun Mar 19, 2017 7:49 pm

Wed May 10, 2017 9:52 pm

Thanks for the advice. I have filled up me and the Mrs 20k ISA allowance. Still have 30k left so have put 10k in a "high" interest savings account which I can get to quickly. Still looking for a home for the remaining 20.

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