Not comfortable with your buying costs? Use a currency specialist…
The need to send euros abroad for their overseas property purchase was plain sailing for British couple the Obornes – they removed hassle from process and saved money by using payment specialist Smart Currency Exchange.
When David and Karen Oborne stumbled across their ideal second home during a holiday in the Costa Blanca in August 2014, they made contact with London based Smart Currency Exchange before flying back to the UK. This was on the recommendation of their estate agent in Spain, who also helped them to open a local Spanish bank account and get their tax identification number (NIE).
To complete the property purchase, which was worth €83,000 plus buying costs, the couple, from Ascot, used Smart Currency Exchange to transfer euros to Spain.
David explained: “Our first transfer with Smart Currency was a small amount for the second half of the deposit and the second was to cover the remaining sale balance, plus extras. For the second transfer we forward purchased euros to safeguard us against an expected fall in Sterling – it meant we knew exactly what the property was going to cost.
“We enjoyed the flexibility of being able to build up the money in our account and then transfer funds when the account was ready. Smart Currency were helpful and made it all easy – we would have found it more difficult to do it without their help.”
The Obornes’ Spanish home is a three-storey townhouse in Punta Prima, a short 15-minute stroll from the beach. Boasting three bedrooms, three bathrooms, terraces and balconies, it has sea views from the top floor and access to a communal pool and gardens.
“The location is ideal, with a shopping centre adjacent, as well as a choice of restaurants and cafes nearby,” added David. “We’ll use it as a holiday home, probably visiting every six weeks or so, and also invite family and friends to stay. Previously, we’d always booked self-catering places for holidays, but were never completely satisfied with the accommodation – now we have somewhere to make exactly as we want it.”
Like the Obornes, are you on the verge of buying a property in Spain or other overseas destination? If so, contact Smart Currency Exchange today to see how they could save you time and money with currency transfers or read their free report