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Croatian house sales usually complete in Euros (or in Kunas for Company transactions), which means that you are at the whim of the currency markets and the difference between buying at one week or the next can be hundreds if not thousands of pounds.
Croatia Holiday and Home recommend you use Moneycorp for your foreign exchange transactions. For my purchase in Croatia I used a company called Moneycorp and I have recommended them since to all my clients. In November 2006 a mystery shopping exercise was carried out by Savills Private finance to see how high street banks compare with the various currency brokers. They chose NatWest as the high street example to transfer a hypothetical 100,000 euros and they were quoted a cost of £70,822. As I have recommended MoneyCorp for over 4 years I was pleased to see that they provided the best quote of all the brokers at £67,783. So in this example you would have saved £3,039 by using MoneyCorp.
The major benefits of using Moneycorp are:
- Unbeatable exchange rates on all of your transactions.
- No commission charges and no receiving bank charges - guaranteed.
- Protection from adverse exchange rate movements.
- Regular Payment Plan for regular overseas transfers, such as mortgage or pension payments, with convenient settlement by Direct Debit.
Moneycorp is a trading division of the TTT Moneycorp Group, which was established in 1979 and last year traded in excess of £7 billion in currencies. The company is part owned by The Royal Bank of Scotland Group and has been accredited to ISO 9000 quality assurance since 1996, a unique achievement in the foreign exchange industry.
The Regular Payment Plan
The Moneycorp Regular Payment Plan will be of great help to you if you have regular currency transfers to make. Such transfers might include overseas mortgage payments, pension payments or any other regular currency transaction.
The Regular Payment Plan offers you three simple payment options. Whichever you choose, you will always receive an excellent rate of exchange and enjoy the convenience of making payments by Direct Debit as opposed to arranging individual payments through your bank.
- Fix the Sterling amount that you transfer each month. With this option the currency amount that you receive in your overseas bank will vary according to the rate of exchange at the time of each transfer.
- Fix the currency amount that you receive. Know exactly how much currency you will receive in your overseas bank account, with the Sterling amount debited from your UK account varying according to the exchange rate at the time of each transfer.
- Fix the exchange rate for all of your transfers. By fixing the exchange rate, you will know how much in Sterling you will pay and how much currency you will receive in your overseas bank account. This option is available for periods of between 6 and 24 months.
To find out more about how Moneycorp can save you money:
1) Call Moneycorp at (0)20 7589 3000. When you contact Moneycorp, please mention that you heard about their services through Croatia Holiday and Home.
2) Click here to request a call back
3) Click here to open a trading facility on line
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