Large sum of money-what to do

[Mumofgirls123]

My husband and I are moving abroad and have made the decision to sell our house. We have not had it long so have only paid about £100,000 off our mortgage.
What should we do with this sum of money? Do we just put it in a bank or is there someway to invest?

You could put it in two stock and share ISAs, provided you can sleep at night with the possibility of losing money on it.

You could put it into Premium Bonds, you can put £50k max in there each.

Can you buy yourselves a small investment property? It will hold the value well and keep you something on the UK property ladder in case you need to return.

Will you need any of it soon?

If so, it's probably not a good idea to invest it all, especially given all the instability in the world at the moment.

£50k each in PBs will be totally safe and probably the best instant access return, but this is likely to be poor compared with investments in the long term.

Maybe some in a S&S ISA and some in PBs so you have some money accessiible and some invested for better growth potential.

If you don't need access to the equity, have you considered keeping the house and letting it?

Depends what you will want to use it for and when?

If you decide when you are abroad that you made a mistake and want to return home will you be able to afford a place to live then back home ?
Can you afford to burn your bridges ?