Where would you put £450,000 short term?

[mrsdavidbowie]

In the next year or so my ex and I will be selling family home and i will have @ £450,000 to put away for a new house.
I will not be buying for about 2 years after that as I will be relocating..plan to rent.

What sort of account/ investment should I be looking at..I don't want it locked away for 3 years as I will need it when I buy.

Okay, in fact if you had bothered to check (as I did before I cited it) the company has a UK division. Money market funds are no more "invested" in the traditional sense than are regular old bank accounts, but they usually pay slightly higher interest rates, which is important when it involves that much money.

I did check and couldn't find any uk refs. Now have, my mistake. it is just another investment house. Charging structure unclear, looks quite low on some funds but no information on their overall management charge.

FSCS cover? No, it is an investment.

safe? No, it is an investment.

higher interest rates? Slightly, possible, but still riskier. That is always the trade off.

investment and savings are different. If OP wants safe, that is savings.

boring old facts again. Apologies for thinking you were a spammer, as I said it just looked so like the usual spam post.

OP, good luck with your move! I have a kid going to college next year and we do keep all of our funds for that in one of these money market funds. That is also where my parents put the money from their house sale, but it does really depend on what you want. Do your own research, and I hope you find a great new place to live.

Specialsubject-the OP asked where we would put that sum of money and that is the question I answered. You and I would put it in different places, so what? I know this company well, so your five-minute web search is nonsense compared to my 20 years' use of them.

Sorry, OP, for turning the thread into a mini-brawl. Getting accused of being a spammer really chapped my ass. I will stop now.

I agree with Alanna1. I would definitely btl a property in any area you can in London, as there is nothing at the moment making money like property is. But no idea of tax implications!