Savings/nvestment

[Flimingo]

I have 250K in savings.

should I buy a house with this saving or invest it and keep renting ?

Hmm, that depends. Probably both.

Do you have an ISA and have you put in your £20K allowance?

What are house/flat prices like in your area? How has property in your chosen area performed (risen/fallen) lately? Do you live in a 'desirable' area? If you're in London, buying probably means you can 'flip' the property for a good chunk of change when you're ready to move on and will have the added benefit paying rent to yourself rather than giving rent to someone else.

Outside of London/Sunny South, if you can, I'd look at buying a property since paying into a mortgage for yourself is usually a better strategy than giving rent to someone else but also keeping some in a stocks/shares ISA.

Depending on your circumstances, have you looked at short term bonds?

Paying a rent is basically paying someone else's mortgage. Most folk who struggle to buy a house are unable to raise a deposit or do not have sufficient income to cover a mortgage.

Based on the limited information provided it is likely to be better to use some of your savings to put down a deposit and buy a house with a mortgage.

However, we do not know where you live or where you hold your savings so hard to give a definitive answer.

You have not provided enough info. Is that because you assume we all know you or you haven’t thought through your circumstances?