Where to put money from house sale whilst waiting to purchase new house?

6 replies

SingingOcean · 07/12/2025 18:36

I will, hopefully, have about £180000 from the sale of my house. Where's the best place to keep it so that I have easy access to buy a new house when I find one? Hopefully within a year?

I don't know much about this kind of thing, but a NS&I Direct Saver seems a good option for safety and no-notice withdrawal. And should I put £40k to max out my premium bonds?

OP posts:

Advocodo · 07/12/2025 18:44

The new FSCS protection increased from £85k to £120k beginning of December for your info.

CraftyNavySeal · 07/12/2025 18:45

If you use Hargreaves Lansdown you can chop at change savings accounts for the highest rate. Currently I'm using Paragon which is easy access and 3.93%

Bear in mind you will have to pay tax on the interest

Premium bonds also a good bet, limit is 50k and tax free

campista · 07/12/2025 18:45

NS and I

canyon2000 · 07/12/2025 21:48

I am getting 4.75% for 1 year with Chase at the moment. Instant access.

senua · 07/12/2025 21:59

Advocodo · 07/12/2025 18:44

The new FSCS protection increased from £85k to £120k beginning of December for your info.

The protection is even higher for temporary high balances

Temporary high balances

Learn more about the protection FSCS provides for temporary high balances. Check if your money is protected and find out how FSCS can help you.

https://www.fscs.org.uk/making-a-claim/claims-process/temporary-high-balances/

Veronyca · 07/12/2025 22:28

NS&I

Flip