I am wondering whether to keep some of the money in savings to help cover extra costs if we moveQ I’m due to inherit about £75,000 and I’d like some advice on what best to do with it. We have about £85,000 left on our mortgage. We have been considering moving house for the past couple of years but the houses we have been looking at are a bit of a jump from where we are now.Our current house would sell for between £250,000 and £270,000 but the ones we are looking at in the area we want to be in are on the market for about £400,000. We can overpay on our fixed-rate mortgage – which is due to come to an end in November 2025 – and have no restrictions to how much we can pay off. Continue reading…
Source : theguardian.com
Read more…Should I use a £75,000 inheritance to pay off the mortgage?
