You will need to pay for your Spanish property in Euros, so this page is devoted to the topic of buying Euros. You can obtain Euros in the UK on the ‘high street’ market, via your Bank, and indeed before you come to Spain to view any properties it is a very good idea to ask your Bank for their current Euros rate so that you have an idea of what you can spend in Spain. They will do this at no obligation to you and at no charge, and obviously you do not commit to buying any Euros at that time. This is just to give you an idea of your spending power in Euros.

BUT you can buy at a much more attractive rate TO YOU (and not the UK Bank) on the UK commercial foreign exchange market. Many people believe that these far better rates of exchange are only available to large organisations or big businesses, but anyone can buy on the commercial foreign exchange in the UK. And that includes YOU!

Here at spanish home 4u we have the UK commercial foreign exchange rate texted to us each and every weekday morning. It is ALWAYS considerably better than what the UK Banks offer. The reason that we know this is that we ourselves, when we bought in Spain, we used the commercial foreign exchange, and we have tested, time and time again the quoted UK commercial foreign exchange rate against the UK Bank rate. The commercial foreign exchange rate is ALWAYS better. You always end up with MORE EUROS TO SPEND.

The reason the first paragraph contained the phrase “… and indeed before you come to Spain to view any properties it is a very good idea to ask your Bank for their current Euros rate” is that when you come on a spanish home 4u Discovery Tour we will give you that days UK commercial foreign exchange rate, and you might find that you then have a good few hundred Euros more to spend, maybe even a few thousand more!

Buying on the UK commercial foreign exchange does not cost you anything; it is absolutely free to you (one of the few things in life that is genuinely free!). This is because the UK commercial foreign exchange house itself is buying in excess of £10 billion in currency per annum, and they take a percentage of a percentage off the even better rate that they themselves get, and hence pass on the greater saving to you. For you it is a ‘win win’ situation (as indeed it was for each of us here at spanish home 4u each time we ourselves purchased Euros). In fact we have used all 3 of the top 3 UK commercial foreign exchange houses (there is in reality a top 4, but one of these is more a bureau de change than a currency exchange for property purchasing, so for the sake of this web page the top 3 will be referred to). Having personally bought Euros through the others our preferred UK commercial foreign exchange house is unreservedly Moneycorp. The exchange rate was unbeatable from Moneycorp plus there were no commissions involved but far more importantly there were no receiving bank charges. To go straight to our webpage on this company click on the highlighted text Moneycorp here. Receiving bank charges always catch one unawares….

… imagine you are sitting in the sombre Spanish Notaries office ready to complete on your purchase, the seller is there with their lawyer, the property is to be signed over to you there and then, the paperwork is all correct and the time has come to exchange the Euros (you had lodged these at a Spanish Bank for safety) for the property keys and … you are a few hundred Euros short as the Spanish Bank has taken a receiving bank charge from you without your knowledge... 

What do you do? Where do you suddenly find a few hundred Euros?
In the past one choice was to overpay, but with Moneycorp they guarantee that there will be no receiving bank charges so the transaction is easier and far less stressful. spanish home 4u unreservedly recommends Moneycorp.

For the benefit of spanish home 4u clients we have entered into an exclusive agreement with Moneycorp and as an integral part of the spanish home 4u website you can open a Moneycorp account online and you can even ask them to call you back on the telephone so that you can speak with them personally.

They have been trading foreign currencies since 1979, have been certified to ISO 9000 Quality Assurance since 1996 and comply with the UK Financial Standards Association (The FSA) Rules, compliance and money laundering Rules, so they are a company that you can trust. They offer significantly better rates of exchange; they make transfers in less than 24 hours with no fees, no commissions and no bank charges. Finally, and only as a pure guide, on £200,000 converted from Pounds Sterling to Euros, compared to 3 of the UK’s largest Banks, the saving was £3,817. Not bad for one initial phone call!

Top Tip
80% of people who come to Spain intending to buy on that particular trip do actually buy. 25% of those ‘just looking’ in fact actually buy as well. And many in fact can’t decide which one to buy of the two properties that they like, so it is a good idea to be fully prepared. With Moneycorp one can open an account in advance with absolutely no obligation, you do not have to use it, you do not have to buy a single Euro at all, and it is free. If it is not used it can remain open but dormant or you can close it at any time.  Being prepared with an open Moneycorp account gives you the greatest flexibility to act quickly if you want to.

For more information on Moneycorp click on the highlighted text here Moneycorp.

Want to know more?
Contact us with absolutely no obligation by clicking on the ‘Contact Us’ icon on our home page, or by sending us an email at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it or request us to call you by clicking on the ‘Call Back’ icon on our home page or for an informal chat with us NOW call us on our personal lines Andy (0034) 65 443 1052 or Larry (0034) 67 105 7958.