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Posted July 28th, 2016 by Charles Purdy

“We bought our Spanish home with Smart Currency Exchange a week before the Brexit vote!”

Peter and Rose Babgoblin

When Peter and Rose Balgobin completed on their Costa Blanca apartment a week before the EU Referendum, little did they know that they would save money twice over – once by the timing of their purchase and then by using Smart Currency Exchange to transfer euros to Spain.

Waiting just one more week to complete would have pushed up the price of the Cheshire couple’s property in pounds, due the dramatic drop in sterling’s value following the UK’s vote to leave the EU.

“We weren’t put off buying in Spain by the Referendum,” said Rose. “In fact, we’re glad we bought when we did, as we got a far better exchange rate when we transferred the euros needed for our purchase through Smart Currency Exchange.”

The Balgobins have bought a two-bedroom apartment in Los Altos, near Torrevieja. Their property, which came furnished, cost them around €85,000 including fees and taxes.

“Smart Currency Exchange were very helpful and transferred our funds without a hitch,” said Rose. “We were referred to them by the estate agent we bought our property through, and I’d recommend them.”

Peter and Rose had enjoyed many holidays in the Costa Blanca previously, before deciding to view properties during a visit to Torrevieja in May 2016.

“We came out for a week after researching property on the internet and making contact with our estate agent,” continued Rose. “We viewed five properties with the same agent, one being the one we bought. Before we flew back to the UK, we’d had our offer accepted and paid a €2,500 deposit. We also opened a bank account, got our NIE number, and got in touch with Smart Currency Exchange.”

The Balgobin’s first floor apartment includes a balcony and solarium, and comes with access to a communal pool.

“It is a second home, which we’ll visit as often as work commitments allow,” said Rose. “We’ll especially look forward to using it to escape the miserable UK winters. And I expect my grown-up children will enjoy using it too.” If you are concerned about the effects of the Brexit vote on your property purchase, contact the team at Smart to discuss your situation and get expert guidance. Call 02078980541 or email info@smartcurrencyexchange.com.

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