Hey all,
My wife and I have had our offer accepted for a flat, we’ve gone in as cash buyers and in order to raise some of the funds I need to sell my whole S&P500 fund which I’ve been steadily contributing to for the last 4 years.
It pains me to have to sell them, and I want to know if you think it’s the right idea.
We are going to get a mortgage 6 months down the line for 60% of the property to pay back our parents who are lending us the money for the full cash buy.
To avoid having to sell my stocks, my parents are willing to lend me the money, which I would have to pay back over the years.
The question is, does it make sense to keep the stocks and borrow the money from my parents, even though in 6 months time I’ll be paying a mortgage, so I won’t be able to pay them back too much.
Or, is it a case of investments are there to be used in times of need, especially when it’s going into another investment.
Would love to see what others would do!!