If you inherited £450k, what would you do with it?

[GastronomicDelights]

Let's assume you don't have any kids to pass it on to, so we don't have a whole thread about putting it by for the kids, what would you do with an inherited £450k?

I'd buy a house around the £250k mark (currently renting), budget £20-30k for doing it up if required... and then I'm not actually sure what I'd do with the rest!

• Buy a bungalow, three bedrooms - £200,000, maybe put some towards renovations.

• Put some away for retirement.

• Pay off any debts.

Retire! No question

Watching with interest. As I'm probably about to get around 300k.

Just don't want to fritter it away.

That'd pretty much just outright but me a three bed semi where I live 😬

I would use £150k to pay off my mortgage. I'd save £200k. I'd blow the remaining £100k on a couple of nice holidays, gifts for friends and family, and I'd buy a nice car outright too.

A holiday home on Lanzarote and holidays to visit family abroad. Plus a new car. Our pensions are very adequate to live on so it would be nice to have a cushion for unexpected expenses and to change the car when we have to go electric. Maybe a couple of changes to the house. It's a new build but there are a few things I regret.

Debts, house , car , holiday and would be gone

When i say holiday, I mean dream holiday, holiday of a lifetime

@RemusLupinsBiggestGroupie

Retire early. No contest.

Exactly

The thought of working until I'm nearly 70 really isn't very appealing

When I started work at 18 the place I went to most people retired at 55!!

My state pension age is already gone from 65 up to 68

It's a depressing thought

Finally be able to buy a house

Depends how old you are and how I h you usually earn. I’d look to finishing work as soon as possible

I’d spend £250k on two houses in South Wales, one to live in and one to rent out so I could take a job I didn’t hate. 100k to spend on doing house improvements, a new ish car and a really nice holiday and 100k in the bank.

Paying off debts and mortgage, which eats up a decent chunk, just save the rest or potentially go on a course.

Make our house as much near ideal as possible, but move ourselves and everything in it out during the process. Get rid of all the ugly/clapped out old furniture and buy exactly what we want when we move back in.

Buy an apartment at the beach and go and live there.

Build a house

Pay off the mortgage, retire my husband. He's fed up, he could probably earn more if he went his own way, but that's too big a leap into the unknown while we still have dependent children.

I would buy a house or flat for myself, give up looking for employment (I'm 62 - who's going to employ me anyway?), and probably nothing else really. It would be lovely not to have to rent any longer and have some security. I'm not in the UK btw so that would convert to a tidy sum here!!

I would buy a camper van for about 50k and DH a jag which would be about 70k and buy a house for DS with the rest.

Leaving aside DD- some sort of camper van as the 'silly' purchase then the rest would go on the mortgage so that I could explore working PT or similar. It would be spent on freeing up time to enjoy life, anyway.

Deposit on a forever home.

What we want here would cost £600-700k.

So we're stuck in a 2 bed as it's a very expensive area.

I'd buy a house for us, 2 small flats to let (one to DD - am in Wales so doable!), do them all up, pay debts, newish car and enough left for savings, couple of holidays and better Xmas presents for the family, would be life changing.

Couldn't buy a new house for that round here, so I'd sink £30k-£40k or maybe a little more in to making current house absolutely perfect for us. The bulk of the rest I'd put in to providing a pension income. We'd also have a really nice holiday and eat out a bit more regularly at home. I'd buy in some home help too - regular gardener and cleaner.

I like where I live and I have lovely neighbours but I would buy a bigger house elsewhere costing around 300K. I'd rent my mortgage free house to lovely tenants so the neighbours wouldn't have to put up with the shit some Mumsnetters get on here with their neighbours.

I only work part time but with a monthly rental income I could give up work and use that to fund bills on my new house.

I'd save the rest.

Buy property as investment for the DC's future. That would get two small houses where we are.