Cashing in on house sale
So you’ve sold your house to a cash buyer, banked the money and are renting while you find a home of your own…
What do you do with the lump sum? Leave it sitting in the bank? Open an ISA? Hide it under the mattress?
You want to be able to access the money as a deposit when your dream home becomes available, so you need to make sure it is accessible.
According to an article online, there are many banks who will give a much better rate of return on no-notice savings accounts than the high street.
It is always worth taking independent financial advice about any decisions but by all means visit https://www.theguardian.com/money/2017/nov/13/where-best-to-keep-house-deposit-money-short-notice-best-return as part of your research to find out some of the options.