Originally Posted by Ray-Pauline (Post 6444856)

transfered the money from Corporate FX Pounds to Euros

Originally Posted by chevy (Post 6444920)

will have to pay for my tasa next may ...

getting a bit worried about the exchange rate !

is it easy to get a euro mortgage ... i have paid 20% down and can probably put another 10% down without a sweat !

are the spanish banks lending on a second home ?

i dont want to borrow sterling and transfer it ... or am i being dull ?

Originally Posted by John & Kath (Post 6444916)

You haven't made the final payment yet? For that the Notary should/will demand a bankers draft (precaution against "black money" and money laundering).

When we started out on this adventure Fadesa London opened an account for us with Banco Andalucia (London Branch) it was so easy back in 2003/4 that we hardly noticed it had happened. The net result was that we were overdrawn for about the first 8 months becase we knew nothing about the tax charge to maintain a non-resident account of then €10 per 24 months. This is now about €12 with Andalucia but other banks charge much more. Banks in Spain have a bad reputation for random charges and we have had a few but most have been refunded when we complain. Now that Kath draws her State Pension we have switched to their "Seniors Account" which if you pay a pension into it it is free and has other extras for free. Advice says that if you become Resident as we intend to do you are best having separate accounts so this will be Kaths account.

In addition we have opened an account with Solbank as our main account in Spain for all of us to access. This is the Prestige Account which like the seniors is free and has extras. Solbank pride themselves on their multiligual staff and this has been very useful of late when we have had to arrange insurance to cover the property under construction.

Hopefully this will be a long lasting solution and I shall withdraw from the Banco Andalucia account.

Originally Posted by John & Kath (Post 6444935)

How you gonna pay the mortgage?

Originally Posted by chevy (Post 6444953)

I am self employed and have access to sterling !
I just dont want to put say £40k accross at the current exchange rate !
I will be borrowing money just not sure where from !!

Originally Posted by Same Difference (Post 6444912)

FFS!!!!!!!!! :confused:

Originally Posted by Ray-Pauline (Post 6445032)

I thought the same earlier this year and lost thousands!! by delaying.

when I paid my deposit the exchange rate was 1.41 then steadily dropped to 1.25.

With hindsight I should have bought forward, I fixed the rate for the final payment, still lost but at least I know by how much.

Ray

Originally Posted by andyrich666 (Post 6445036)

My mate bought his house there was 1.63, imagine how gutting that is now and with the slump too, I do feel for people in this situation, its very distasteful

Originally Posted by JS&SS (Post 6445035)

Get a life. Not everyone spends 24/7 on blog sites.

This site is intended to be informative and helpful. Quite the opposite of your post.

Originally Posted by rugbymatt (Post 6445056)

I love the community spirit on this thread you know.

Originally Posted by Ka Ora! (Post 6445065)

So whats going on then?;)

Originally Posted by rugbymatt (Post 6445070)

Some shite, what's going on in your world?

Originally Posted by rugbymatt (Post 6445056)

I love the community spirit on this thread you know.

Originally Posted by Ray-Pauline (Post 6444944)

final payment due this month (subject to the elusive electric supply)
but coming over to CE next weekend until the Thursday to sort things out

Ray

Originally Posted by chevy (Post 6444953)

I am self employed and have access to sterling !
I just dont want to put say £40k accross at the current exchange rate !
I will be borrowing money just not sure where from !!