£100,000 Investment

[Ric.ror]

After the sale of my house I am left with a spare £100,000 - I have invested other amounts in premium bonds as they are almost instant access should I need it
Now because (salary wise) I don’t live within my means I am chipping away at my excess £100,000. I think buy to let will be my best bet as this will provide me with an income and secure my initial investment
Thoughts please

[margarettom]

I would invest 75% say tied in for maybe 2 or 3 years ( to get a better rate of interest) in a safe investment such as a cash ISA, NS&I or fixed rate bond. On line gives better rates. I would invest the rest in something where I could access it in an emergency- premium bonds, easy access account etc in case of emergencies.

[Cloverjo]

In your earlier post you said you'd been asked for a copy of your passport. I would think an emailed scan would be fine. They'll soon tell you if it's not.

[Peter Pedant]

some do and some dont ( want the original)

[Ric.ror]

They have said an image will be fine
As for the money - it’s currently in the post office online earning 1.33% with a monthly income and instant access

[KARL]

Right at the start we used an agent to manage our letting. They charged 15% of the rent and were a total waste. We have witnessed and had first hand accounts of how for the most part agents are disappointing. Ever since we have done everything ourselves and charged a rent somewhat below the going rate in order to attract a larger choice of tenant and also in the hope that people would stay longer rather than move on to something that seems cheaper/better. So far it appears to have worked pretty well - but I would now like to have an easy way out of the whole thing which in our circumstances we don't have (satisfactorily - complicated story).

[alavahalf]

1 % per annum on £100k .. I have just had a very sick feeling. That doesn't even beat inflation.
If you dont need the money immediately why not speculate a little and think about the longer term. Spread the risk and consider a international investment or unit trust. Over the medium to long term you would be hard pushed to not blow any bank rate out of the water.
You dont need a financial adviser, just do your own research and be comfortable with your level of risk.
You dont need to invest everything, but as you dont need the money at short notice, it wouldn't hurt to speculate a little. Or you can leave it where it is and accept that it devalues daily.

Ask Peter Pendant if he remembers a share I told him about a couple of years ago .. today in 8 hours, it went up by 24.44% .. that would have taken more than 20 years if my money had been in the bank.
(Be interesting to know if Peter followed it).

[Bazile]

What's the share , alavahalf?

[alavahalf]

... Tern ..

[webbo3]

Yes you can send a copy of your passport, whereas birth,death and marriage certs must be the original as they are crown documents and cannot be copied.