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Hello, Does anyone know the best and least expensive way to transfer the proceeds of my house sale in Spain back to the U.K. , I have heard that some banks charge quite a lot ?
Many thanks
Martin
I sold a property in Florida and used Wise (then TransferWise) and it was a breeze - notwithstanding the fee grabbing US banking system. The GBP was progressively weakening against USD and so I bought my GBP’s over a period of 6 weeks selling tranches of $20k at a time
Couldn’t recommend Wise more highly for speed ease and cost
For others in the same position just a reminder to examine a range of EUR/GBP forecasts
I don’t know how you feel about the strength of EUR/GBP moving forward but here are some timing comps based on selling 100,000€ :
Sell today @ c£1.1740 £85,179
Sell @ £1.20 £83,333 (£1,846)
Sell @1.15 £86,956 + £1,777
Posted: Mon Nov 15, 2021 6:36pm
Very helpful member
TransferWise https://wise.com/
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