Foreign Exchange for Individuals

CD: Why did you want to buy there?

Thomas & Wendy: Because it is on a good bus route and is walking distance to tourist areas. The property itself is situated in the Spanish area which means that we can experience true village life.

CD: Why did you decide to buy overseas?

Thomas & Wendy: We have been going to Tenerife for long stays since we retired six years ago and got a little fed up with rented accommodation. Having our own property gives us freedom to go when we like and without a lot of luggage.

CD: What type of property have you bought?

Thomas & Wendy: We bought an off-plan property but it is the last one for sale and was an ex-show house.

CD: How did you research buying your property?

Thomas & Wendy: We have been looking in Tenerife for 6 years thinking about it but this seemed to be the right property in the right place for us.

CD: Were there any problems during the purchase?

Thomas & Wendy: No

CD: What advice would you offer to others considering buying overseas?

Thomas & Wendy: Go into it very carefully. Research the area where you want to live and consider what you want to get out of it i.e. whether you want it for rental or for your own personal use.

CD: Have you got any friends or family who have bought property overseas?

Thomas & Wendy: Yes

CD: If you are using your property as a holiday home how often do you intend to use it and will you rent it out when you are not using it?

Thomas & Wendy: 3 or 4 times a year for approx 1 month at a time. We don’t plan on renting it out at all, however our children will be able to use it for themselves and their families.

CD: Why did you choose to use Currencies Direct?

Thomas & Wendy: We were recommended by some friends who used Currencies Direct when they purchased a holiday home on the Spanish Mainland

CD: Did you approach your bank about arranging the currency transfer?

Thomas & Wendy: Yes

CD: What would you recommend about Currencies Direct’s service?

Thomas & Wendy: It was easy – a good partnership. Good advice good communication and the best rate at the time. It was efficiently done and everything went like clockwork.