13 Jan 2008 11:24 AM:
I have used TTT Moneycorp, www.ttt.co.uk, 020 7823 7700, to convert sterling to euros.
Found their rate the best on the day I searched.
They offer a facility whereby you can have a monthly standing order with them and they guarantee the agreed sterling to euro exchange rate for up to two years. This way you know exactly how much your mortgage will cost you for the next two years and then presumably you re-negotiate.
Whether at this time, with the exchange rate so poor, it is a good thing you must decide. Personally I would purchase euros to cover the next six months mortgage, deposit it with CAM bank to be drawn monthly and revue the situation after that time.
I also looked at HiFX, 01753 859159, or info@hifx.co.uk who have a similar arrangement but their rate was not as good as Moneycorp on the day..
Trust this will be of some help.
JohnT.
Community thread:
URGENT sale of contract at Las Terrazas de la Torre very good discount
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