What to do with £10k?

[fullyautomatix]

Why are people still taking div's this late in the year? Don't many of you divi the full wack first month in and then put it somewhere to earn a percent or two more than the business account?

Because dividends are paid out from the profits that the company makes.

[eek]

Because dividends are paid out from the profits that the company makes.

In case the perfect permie opportunity comes up and I need to go paye for a whole.

[Unix]

Have you heard of Lazy portfolios? Simple to setup and manage and decent return long term. I have my excess money in a coffeehouse portfolio.

[d000hg]

It's a bit disappointing really. 10k handed over, mortgage repayments reduced by... £40 a month.

Maybe I should have reduced the payment term rather than the monthly payments, that would be the best way to minimise the total amount I pay over the life of the mortgage? I'll get the opportunity to overpay another £10k later in the year so will probably do that then.

[scooterscot]

It's a bit disappointing really. 10k handed over, mortgage repayments reduced by... £40 a month.

Maybe I should have reduced the payment term rather than the monthly payments, that would be the best way to minimise the total amount I pay over the life of the mortgage? I'll get the opportunity to overpay another £10k later in the year so will probably do that then.

woah mortgage north of £200k...

Give me the 10k and tomorrow I'll give you 11k.

Warning: your investment can go down as well as up.

[Unix]

It's a bit disappointing really. 10k handed over, mortgage repayments reduced by... £40 a month.

Maybe I should have reduced the payment term rather than the monthly payments, that would be the best way to minimise the total amount I pay over the life of the mortgage? I'll get the opportunity to overpay another £10k later in the year so will probably do that then.

I way to reduce your mortgage significantly is to downsize to the smallest house possible. Most people have way more space than they need, rooms they never use etc. I reduced mine by 100k doing this, now its below 90k total.

[d000hg]

woah mortgage north of £200k...

Give me the 10k and tomorrow I'll give you 11k.

Warning: your investment can go down as well as up.

Actually under £200k but you're in the right ballpark. This is why I want to overpay as much as possible before our 2-year fixed mortgage expires and the interest rates have gone up

It's actually not a giant house, just an expensive area in an expensive town and I also WFH so I need extra space.

[vetran]

Buy a new car apparently.

BBC News - UK new car sales highest since 2007, SMMT says

[scooterscot]

Actually under £200k but you're in the right ballpark. This is why I want to overpay as much as possible before our 2-year fixed mortgage expires and the interest rates have gone up

It's actually not a giant house, just an expensive area in an expensive town and I also WFH so I need extra space.

In a similar situation a few years ago myself, keep at it.

[RedSauce]

I'm planning on wasting 5k taking 2 months off to backpack round Nepal and India.