short term investment and security

trevestor

New Member
Aug 12, 2014
2
0
0
I need advice on protecting the value of the cash from the sale of two houses whilst I find and purchase a London flat.
I live in a house which is almost ready for sale, and I can move in with my partner. I am about to inherit a house which I also intend to sell, using the proceeds of both sales to fund a flat in London which we can use as a city base/ short term investment/ rental income.
My problem is that the two house sales are unlikely to be happening at the same time, and I will have two lots of £200,000 to protect for a period of several months or longer whilst I complete the purchase of a London flat.
I would like to protect the value of the money and also ensure that it is safe from any bank collapse but also accessible for my flat purchase. I realise that only a proportion is protected by the bank scheme, even if I spread it around separate banks. Is there a simpler solution to my problem?
 

vernicescheiber

New Member
Feb 22, 2016
11
0
0
If you have of two lots of £200,000 to protect for a period of several months or longer then there's no guarantee that you can provide all the cash that you need immediately. You might have to, say, borrow money from a friend or someone you know who can provide the amount of money that you need but before that situation ever occurs to you then do not hesitate to apply for Short Term Payday Loans to have that easy-access to the money you require to fund the bill. A payday loan is worth considering in your situation.