22 Mar 2008 11:48 AM:

For all Buyers with sterling funds to pay for their properties may I suggest a different method to consider ....

Apply for a Spanish Mortgage and at the same time transfer your funds to a Sterling Account with the bank.

They can see that you have the funds available and therefore have credibility, the mortgage agreement is taken out in euros so you don`t have the drastic exchange differential and your maximum exposure to the CURRENT exchange rate is the monthly mortgage payment with the need to transfer from sterling to euros on a monthly basis...

Your sterling can also be put in a high interest account that will offset some of the interest charged on the mortgage.

Ensure you get a mortgage that allows you to overpay without any fees and WHEN (this is the tricky bit) the exchange rates become more favourable you can pay off a significant amount of the euro mortgage....

I am sure there are some negatives (fees/taxes) but you are not exposed to a 12% variance that we see with the rates as they are today or as they will probably stand in the next few months..

Hope it helps

Anthony

 

 

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15 Mar 2008 9:11 PM:

We put those French to the sword, it was like watching Chelsea play, NO IMAGINATION......

Congratulations to the Welsh Team and all Taffs around the world ! 

 

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09 Mar 2008 5:25 PM:

Fantastic result for Wales and done in style, we pretty much ran the game.....

Good result for Scotland, and all set up for next week with the French result.

And we cannot forget Spurs romp against West Ham, pretty good weekend.... for us anyway !

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26 Feb 2008 7:05 PM:

We do feel a little for Martin Jol, his contribution has to be acknowledged, however he lacked the final killer instinct as the defeats at the Q-Final or semi-final stage of 3 cups proved

Carling Cup v Arsenal...should have been way ahead before they came back in the first game

FA Cup v Chelsea...threw away the lead at Stamford Bridge

UEFA Cup v Sevilla...dodgy penalty in 1st game and Malbranque "mare" in 2nd game

However he built the foundations of a squad that is getting better and going places, and with a few Welshmen now included !!!

 

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25 Feb 2008 7:53 PM:

Apologies for not placing this in correct thread, was so excited with the result...

And of course, Wales on the Up too, what a weekend !

 

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