Spanish Mortgage Payments

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This topic contains 4 replies, has 4 voices, and was last updated by Profile photo of rt21 rt21 9 years, 8 months ago.

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  • #52738
    Profile photo of rt21
    rt21
    Participant

    I am in the process of arranging a small spanish mortgage for a property
    that I am buying.

    Could anyone tell me what the most cost efficient way of paying the regular mortgage payments would be from the UK ?

    For example would it be via a monthly standing order from my UK bank account or an annual payment from my UK bank into a spanish bank who would then make monthly payments.

    any advice would be most welcome

    many thanks

    Richard

  • #70262
    Profile photo of Anonymous
    Anonymous
    Participant

    As you say its a small mortgage which means small monthly payment. I sugguest you send six months in advance through HIFX or other FX brokers.

    I dont work for or an Agent of HIFX, but have used them for many years and never a problem.

  • #70278
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Richard

    a number of Forex companies now operate small monthly payment schemes exactly for this purpose. CurrencyUK are one that do and I believe there are 2 or 3 others that also do (I know currency UK because I deal with them a lot myself but ant speak for others because I don’t deal with them)

    I believe the minimum for CUK is €500 or maybe thats sterling

    You can find th at http://www.currencyuk.co.uk (Sorry mark if this is not allowed)

    Best wishes

    Vince

  • #70302
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi,

    Currencies Direct also offer a scheme where they will take small amounts by direct debit from your English acount each month and send it to Spain.

    Best wishes

    Bernard

  • #70319
    Profile photo of rt21
    rt21
    Participant

    many thanks for the responses, which have certainly answered my query

    regards

    Richard

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