Posted By: Begbie
Inhertience - 17/08/2017 09:44
Looking for some advice here, but also partially just seeing if my thoughts are justified in anyway.
A family friend died suddenly a couple of weeks ago (I didn't know him and last met him 30 odd years ago) and because of this, in his will he left everything to my parents.
As such, this turns out to be quite a lot which means between myself, my sister and my parents we're likely to be getting a high 5 figure sum of money each. Now, this was a complete shock to me when I was told last week, but the first thing I did was straight onto Pistonheads classifieds to see what car I could buy
But thinking head on, the money would be perfect to put down as a deposit on a house and should give us a LTV of 75%, which would mean less on the monthly repayments as opposed to 90% LTV (I live in SE England). Currently living arrangements are that we're living with the in-laws so our out goings are minimal and paying for things towards our wedding for next year.
As much as I want to sink all the money in as a deposit on a house for ourselves, I'd also like to keep some money and maybe buy a nice car, but the budget is unknown, or do I get the coupe handed over and get someone to finally sort the bodywork out and get various niggles sorted, as I've fallen a bit out of love with it at the moment, or do I do that and just get another car along side the coupe.
A family friend died suddenly a couple of weeks ago (I didn't know him and last met him 30 odd years ago) and because of this, in his will he left everything to my parents.
As such, this turns out to be quite a lot which means between myself, my sister and my parents we're likely to be getting a high 5 figure sum of money each. Now, this was a complete shock to me when I was told last week, but the first thing I did was straight onto Pistonheads classifieds to see what car I could buy
But thinking head on, the money would be perfect to put down as a deposit on a house and should give us a LTV of 75%, which would mean less on the monthly repayments as opposed to 90% LTV (I live in SE England). Currently living arrangements are that we're living with the in-laws so our out goings are minimal and paying for things towards our wedding for next year.
As much as I want to sink all the money in as a deposit on a house for ourselves, I'd also like to keep some money and maybe buy a nice car, but the budget is unknown, or do I get the coupe handed over and get someone to finally sort the bodywork out and get various niggles sorted, as I've fallen a bit out of love with it at the moment, or do I do that and just get another car along side the coupe.