John39
- 11 Jun 2005 10:08
My situation is this, the children have flown the nest and it now seems a suitable time to downsize. To that end I put the house on the market, recieved a favourable offer, and exchange contracts in the next 11 days. Rather than dive in and buy immediately I'm renting with the intention of using up to 75% of the released capital to buy another property in the next 12 to 24 months.
The question is, where do I get the best rate of return on what, for me, is quite a lot of money? I think the maximum ammount of time I could tie it up for would be 28 days (in case I buy in an auction)? Are there any internet sites that cover this sort of thing?