Purchasing a property overseas will imply a deposit payment and regular transfer into your new bank account in Spain to cover the monthly repayments.
While you could use a bank to do this, there is likely to be a cost involved; not only will there be transaction fees but you may not get a great exchange rate. That’s why Spectrum International Mortgages have teamed up with Currencies Direct to offer you the best service and the most competitive foreign currency exchange rates available today.
Currencies Direct will offer you a service that allows regular payments to be made quickly with no transaction fees and a good exchange rate. These regular payments can also be used to meet home maintenance costs and to repatriate rental income, as well as non-property related expenses such as pension and salary transfers.
Unlike banks, Currencies Direct will also allow you to automate your payments by direct debits and fix the exchange rates for up to 12 months ahead if you wish. You will know exactly how much is transferred every month and save on transfer fees and bank commissions! Contact us for further information or simply complete the information request and a Currencies Direct representative will get in touch with you.
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At Spectrum International Mortgages we do an annual update on the rate development in Spain. We do this every year in February and this year will be no different. As ever, the rates we mention are based on the market at the moment of publishing and we cannot guarantee...