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Currency TransfersBuying a Property abroadPlanning to buy a property abroad can be a complicated process – to make sure you get the best currency exchange rates and remove some of the uncertainty you need to place your foreign currency transfer transaction in the hands of a specialist currency converter organisation. Golf-online works with the UK's leading alternatives to the High Street Banks or Building Societies when buying or selling currencies. Tens of thousands of clients, both private and corporate, who want to ensure they receive the best possible exchange rate, have already converted and transferred hundreds of millions of pounds into foreign currency through their services. These leading currency converter specialists provide an efficient and cost-effective currency transfer service with no commission charges. They have extensive experience in providing currency transfers for those buying property abroad.
Owning a Property abroadAs the owner of a property abroad, you will need to make regular payments to maintain your property abroad. Golf-online works with organisations that provide hassle-free, cost-effective currency transfer payments to foreign accounts by fixing the exchange rate for twelve monthly payments in advance. This allows you to know exactly how much is coming out of your Sterling account via Direct Debit and how much will be credited to your overseas account on which day every month for one year at a time. A Typical Example: Mr & Mrs Stanley own a property abroad and need to send 600 Euros (€) per month to meet their mortgage payments in local currency. They would also like to send a further €200 per month for living expenses, totalling €800 per month. For this example, the exchange rate was fixed on the fixing day * at 1.4200, meaning that €800.00 will cost them £563.38 ( Sterling) per month. This rate will apply for the duration of their twelve-month OMPP. Their first payment will therefore total £1,216.76. This consists of the £563.38 deposit + the first monthly payment of £563.38 + £90 (12 months transfer fees at £7.50, payable in advance as one payment). Please note that there is no Sterling payment in month 12 as this is covered by the deposit, which is paid in month one.
The rates shown below are based on today's Interbank rates at 07:15 AM.
All rates quoted are to exchange sterling to foreign currency. Contact us to obtain other currency rates.
For Latest Exchange Rates click here
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