Good morning
I am in need of some financial advice! I have inherited a sum of money, the first portion of which is currently in my bank account in the UK - sitting above the guarantee limit and not earning any interest! I would like to bring it over here at some point and use it to buy property but as I don't yet have the full amount there is no rush to do so, and the exchange rate has of course just dropped.
My options as I see it are:
1. Leave it in the bank account and cross my fingers
2. Move it here regardless of the exchange rate so it starts earning interest
3. Put some of into our property which is currently let out, with a view to sell that property when we get the full amount. This would have tax implications though (not sure if they would negate the benefits?) and if we couldn't sell that property we could end up having to get a more expensive mortgage in order to withdraw the money
Is this something that Vista would be able to help us with?
Many thanks
Julia