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Buying Property In Spain/Australia

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Money Talk > Real Estate

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chateaux
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Cash: $ 0.25

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Buying Property In Spain/Australia  Reply with quote  

Hi Guys,

I have recently purchased a property in Spain and would like to share with you how I have managed to get one free mortgage payment per year.

This is not rocket science and if this has been mentioned before, I appologise.

I make a wire payment of 950 pounds per month costing 25 pounds and 10 euros to receive. 6 months ago I changed to an online payment platform (take a look at my signature) which when compared to my banks fees and spread on currency meant I could save 252 per year on payment fees and save 350 + on the better ex rate offered.

Admitedly its not a full monthly saving but it proves that if you are slick with the way you make your international payments you really can find a good deal.

Let me know if you want me to write up some detail.

All the best!

- c

Money Transfers
Send money to Spain
Send Money to Australia
Post Fri Feb 24, 2006 4:17 pm
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Jaszbo
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Posts: 177
Joined: 03 Jan 2006

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Where in Spain did you purchase your house? I travel there often.

I'm lost at what you did, please explain more. I think that you might be confused and that it's only the first year, becuase of the way closing works out. Also by skipping a month, it wouldn't put anything towards principle, but then again you are saving intrest on that month.
Post Sat Feb 25, 2006 5:27 am
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