Hi All
We are in the process o buying a property near Cullera , we are getting to the stage where we will need to transfer funds from our UK bank to the solicitor who has control of our Spanish bank account , can anyone recommend a Safeway to transfer the monies .
Regards Steve.
Look up Smart Currency (Broker in London) get a quote. When transferring you carry out a domestic transfer to their UK Bank, they do the overseas bit. Easy to deal with they make an offer, send you a Contract, you decide. Best to get at least one more quote. i
info@smartcurrencyexchange.com
Posted: Mon Jul 13, 2020 12:29pm
Very helpful member
We used currencies direct, no problems.
Posted: Mon Jul 13, 2020 12:55pm
Super helpful member
Use internet service Transferwise, they are secure and their rates are transparent and highly competitive.
Herefordjack wrote on Mon Jul 13, 2020 12:55pm:
Use internet service Transferwise, they are secure and their rates are transparent and highly competitive.
I've used Transferwise for years and never a problem. Money transferred in minutes.
Highly recommended.
Steve
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Hi There
Thanks for the input , yes they are abogado / lawyers . TransferWise seem to be the preferred option .
Steve .
Posted: Tue Jul 14, 2020 3:49pm
Legendary helpful member
Hi Steve,
I used MoneyCorp when we moved to Spain in 2016, because Transferwise didn't offer Forward Contracts (useful if currencies are volatile when you want to transfer), I used their online calculator to negotiate the best deal with several other companies, before deciding which to accept.
Kind regards,
Kim
we use worldfirst, they have always been very good and we still use them to transfer over money. We did a forward purchase for most of the money when we bought our house. That allowed us to agree an exchange rate a few weeks before the final purchase. If you are happy with the rate you know exactly what you will be paying and so cannot get caught if the value of the pound drops. Of course the value may go up and you are still committed to the exchange rate you agreed at, but I know of people that have had had serious financial problems when the value of the pound dropped in the middle of their house buying process.
Posted: Sun Mar 7, 2021 10:26pm
DON'T send funds to your solicitor. Send them to your bank. When you complete on your property the bank will issue a Bankers Draft which you will take to the Notary. He/She will hand the Document to the seller and the keys to you. This will all be done on the day you move in.
Posted: Sun Mar 7, 2021 10:34pm
Sorry, I meant to add. You can send money straight from your bank in the UK to your Bank in Spain, all you Need is the Banks IBAN number. Very Safe.
Don't forget to bring proof of where to money came from or they will block the account (money laundering)
Good luck
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