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?

john39

house prices seem to be heading for a fall, arrears are increasing, reposessions to follow for sure...

Why be in a hurry to buy???

i would rent for a year, then check out the auctions...

John

the auction site i posted is on-line - ie the auction listings and all the lots are displayed on the website (or you can set email alerts by town or county) and you then contact the specific auctioneer if you want more details or to arrange a viewing. most of the listings and properties go on the website approx 3 weeks before the auction

as for zeros - personal advice would be to steer well clear

Fundy , what do you reckon on buying second hand endowments ?

Is it worth me looking into ?

My SIPP provider won't let me lay the Lions on betfair :-)

Dil

lol :-)