Selling a spanish property

Moneycorp in association with Cajamurcia can save you money when repatriating funds

As a result of EU and Bank of Spain regulations governing cross-country Euro payments, Spanish banks are presented with a perfect opportunity to charge you substantial amounts of money to send your Euros out of Spain.
When you sell a property in Spain and repatriate your funds, most Spanish banks will not only charge you to deposit and clear the banker’s draft that you receive from the Notary, they will also charge substantial sums to send your funds to the UK.

These charges could amount to 1% of the total sum being sent. To put this into perspective, with a sale price of €150,000, you could be charged up to €1,500 just to send your property funds overseas. And this is before you exchange your currency.

Moneycorp, in conjunction with Cajamurcia, has devised a solution that will enable people selling properties in Spain and repatriating money to the UK to drastically reduce the fees they have to pay.

With a fixed cost of €275, you will be able to deposit your Notary draft and, once cleared, send your euros to Moneycorp to exchange for sterling – saving you a significant amount of money in both fees and exchange rates.