You are reading a single comment by @Jonny69 and its replies.
Click here to read the full conversation.
-
Would you be better adding it to your mortgage? That way you get to keep your savings in your ISA in case you need some rainy day money. Stick the mortgage on a 2 year or 5 year fix and when you get to the end of the fixed term if you find you’ve then got the spare cash you can pay a chunk off when you arrange the new mortgage deal. This has always been important peace of mind to me but has helped me pay down my mortgage quickly while keeping a bit of emergency cash in the bank.
Jonny69
If I'm a bit short on actual cash for some home improvement project but have the choice between taking some money out of my S&S ISA vs a home improvement loan (At around 6% for 24mo), what's the best way to decide on how to go about it? 70% of the project will be financed with cash.