UK foreign property buyers are back in the overseas property market with a large proportion of them looking for investments in Spain.
London, UK (PRWEB UK) 29 May 2014
UK foreign property buyers are back in the overseas property market with a large proportion of them looking for investments in Spain as reported by OPP Connect on 23rd April 2014. The report further suggested that over 800,000 Britons already live in Spain and enquiries for new mortgages increased by 90% on a year-on-year basis.
However one main constrain will be making international payments to meet the funding requirement as banks offer lower exchange rates and higher fees for international money transfers. This will mean that overseas property buyers mortgage payments will increase due to the bank charges. If recurring payments of an overseas mortgage occur, the cost will be even higher and the total overall cost of the mortgage will increase as a result.
“Compared to a fee of £25 and over charged by high street banks, our money transfer service is free of charge if the amount is over £10,000, while a minimal fee of just £12.50 is charged for amounts less than £10,000,” stated Trevor Samuel, marketing manager of Thomas Exchange Global.
Trevor continued, “Thomas Exchange Global also offers very competitive exchange rates compared to high street banks and money brokers, making the overall transaction much more lucrative for foreign property buyers and helping to reduce their total mortgage costs.”
The company’s experienced dealers can guide new customers to open an account and transfer money abroad with minimum hassle. They also facilitate international money transfers at any of their 6 branches in London and online as well.
About Thomas Exchange Global
As dedicated foreign exchange specialists, Thomas Exchange Global has the professional expertise, in depth market knowledge, technological infrastructure and commitment to provide an unprecedented level of service that sets the standard in the foreign exchange industry. They are specialists in all areas of foreign exchange. They provide commission free currency as well as travelers cheques.
Thomas Exchange Global also offers International Money Transfer Service where funds can be remitted to overseas bank accounts within 1 to 2 days. With commission free service for transfers over £10,000 backed by competitive exchange rates, customers are assured of a better deal and a substantial saving compared to banks and money brokers.
Thomas Exchange Global branches are located at Strand, Victoria Street, Liverpool Street, Hammersmith, Cannon Street and Wormwood Street.
For further details visit http://www.thomasexchangeglobal.co.uk or call 020 7240 1214.