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02 May 2011

Best short-term home for probate estate money

We are finalising probate on my father-in-laws estate and c£150k will come in in pieces from his savings, ISAs, home sale etc. We will then use that to buy a home, with help from our own savings. Where could we consider for funds that are not likely to be in an account for long (2-3 months?), and which we would like quick access to when the time comes (c21-30 days from offer to payment) so we can be cash buyers and use that to lever house prices down. We already have a NatWest savings account which will allow swift payment and withdrawal but which will not pay much.

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