Charente Posted November 22, 2007 Share Posted November 22, 2007 Salut - I'm new posting here but have been reading topics for a while. I've recently started the house buying procedure in France and I'm now thinking about buying tens of thousands of euros in advance as there is a run on the pound currently. The company I am thinking of using is 'Moneycorp', does anyone have experience of them? Clearly using a money broker is less expensive than using a bank for large amounts but are thee any unforseen risks? Link to comment Share on other sites More sharing options...
Andyphilpott Posted November 26, 2007 Share Posted November 26, 2007 See the post below - Transfer money by SWIFT and I think that will answer your questions.Andy Link to comment Share on other sites More sharing options...
Panda Posted November 26, 2007 Share Posted November 26, 2007 what post where?? Ahh, seen it now, see below only works if you view form the individual board (finance in this case), if you view as I do only 'active posts' there is no below to look at and it all gets very confusing... Link to comment Share on other sites More sharing options...
somme man Posted November 26, 2007 Share Posted November 26, 2007 Charente.I used Moneycorp for the deposit, purchase balance and all subsequent transfers for the ongoing renovations and have not experienced any problems.They have always acted quickly and effeciently and now only require a phone call if my money is going to the previous account. Tim. Link to comment Share on other sites More sharing options...
Charente Posted December 22, 2007 Author Share Posted December 22, 2007 Thanks for all the replies, I have opened an account with Money corp and I'll be keeping an eye on the pound/euro rate till I move in late Feb/March. Link to comment Share on other sites More sharing options...
AnOther Posted December 22, 2007 Share Posted December 22, 2007 Personally I'd be seriously looking to book a deal sooner rather than later.The smart money is on their being possibly 2 further UK interest rate cuts in the new year which can only serve to further depress the £ [:(]I'd wait until after the holidays though as the markets tend to take a defensive position over this period and if you're lucky you may just see the present miserable rate improve fractionally afterwards before plunging again in anticipation of the cuts.But then again..........................! Link to comment Share on other sites More sharing options...
Deimos Posted December 22, 2007 Share Posted December 22, 2007 I use MoneyCorp and have found their service very good and they are very easy to deal with.Ian Link to comment Share on other sites More sharing options...
Charente Posted December 25, 2007 Author Share Posted December 25, 2007 I have twice nearly booked my money only to hold off and see the rate rise back up so I'll weather the storm for the Xmas period and as you say check the rates hourly in the New Year again. Link to comment Share on other sites More sharing options...
AnOther Posted December 25, 2007 Share Posted December 25, 2007 I wish you luck [;-)] Link to comment Share on other sites More sharing options...
kimg Posted December 25, 2007 Share Posted December 25, 2007 1.50e would be a nice 2008 gift huh Link to comment Share on other sites More sharing options...
Kitty Posted December 25, 2007 Share Posted December 25, 2007 What guarantees offer on the money? i.e. what happens if they go bust? Link to comment Share on other sites More sharing options...
groslard Posted December 26, 2007 Share Posted December 26, 2007 No chance..I reckon it's heading for 1,30 and below.. Link to comment Share on other sites More sharing options...
plastered again Posted December 29, 2007 Share Posted December 29, 2007 groslard you are right, i changed 15k deposit at 1.46 in sept 07,,,,,,,,, then waited and waited and when my deadline came in nov 07 my other 120k i had to change i got 1.38!!!!!!!!! gutted! but what the heck, its my ticket out of here, i'm not letting 8000euros make me stay in this country !! i'm out of here! Link to comment Share on other sites More sharing options...
Charente Posted December 29, 2007 Author Share Posted December 29, 2007 I just put a deposit down on my euros and bought some money to live off too. If I'd bought on December 3rd I would be about £4k better off but you have to be philosophical about these things and think well I'm begining a new adventure and hopefully getting a whole new quality of life. Also I'm making so much money on selling my current property that it would be churlish to moan too much. Link to comment Share on other sites More sharing options...
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