Hi all,
Me and my partner are looking to buy our first house. My partner has a property to sell which should leave us both with about £40,000 to put towards the new place.
My question is I have about £30,000 in savings. Should I put that towards the deposit for the new place or should I keep it in the bank?
If I do keep it in the bank are offset mortgages the best bet? If so, which one should we go for?
I'm unsure what to do as my savings will be handy in the future when hopefully kids arrive, or a new car/furniture/holiday etc. is needed.
Or is it better to have a smaller mortgage and maybe use loans for any future expenses?
Any thoughts or ideas appreciated.
Thanks John