Hello wise mumsnetters
After some advice please. My OH and I have recently received an early inheritance from my grandparents (£200k) They're still alive but wanted us to have the money now (they're both in their 80s so hoping they'll make it another 7 years for tax purposes - and beyond of course!!)
We're under no illusions as to how lucky we are but feeling lost as to what to do with it?! We have a mortgage of about £110k on our house plus outright own another property. Savings of about £75k and no other debts. We're quite happy in our current house but may look to move in a few years for better schools / space etc.
Do you think we should be looking to move sooner rather than later as we have the cash, or should we be looking at investing the money somewhere? Know the basics of investing but never actually done it before.
Thanks in advance! Know it's a lovely problem to have but fearful of making a bad decision...
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7 replies
Honestdayswork · 23/09/2015 20:45
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