Lavenderlady Posted July 7, 2004 Share Posted July 7, 2004 Hello, new to this site, we've just got back from France having signed our compromis (hurrah!)We were going to get our mortgage through Abbey National France, seems simple enough and reasonable rate (3.75%). But our agent immobilier put us in touch with a French lender who could give us a better rate (3.10%). Obviously a good saving, but how would it work for making monthly payments into a French bank (as we work and are paid in the UK). Have read about HIFX, is that the kind of company we could use to make regularly monthly payments or are they more suited to one-off payments? Our high-street bank charges 20 to transfer money so obviously no good for regular payments.Are we better off just sticking with Abbey National do you think?Thanks Link to comment Share on other sites More sharing options...
Kent Posted July 7, 2004 Share Posted July 7, 2004 We have our mortgage with Societe Generale in France and still live in the UK. The advantage of our offer was that we could have a cap and collar rate (ie tracks base rate but is also capped) I tried using Currencies Direct to set up a direct debit payment but they failed to send it on more than one occasion so I now use my UK Nat West account to do it.The other advantage of having my account out there is that the UK do not seem to worry about me having two mortgages!Kate 87www.limousingites.net Link to comment Share on other sites More sharing options...
Andy W Posted July 7, 2004 Share Posted July 7, 2004 HIFX offer a service where you buy the currency for the whole year in one transaction, at one rate, and then pay for it monthly over ten months. You have to provide the first and last month's payments (effectively months 1 and 12 to ensure bank delays etc are catered for. Link to comment Share on other sites More sharing options...
Rita Posted July 8, 2004 Share Posted July 8, 2004 LAST EDITED ON 08-Jul-04 AT 10:20 PM (BST)Hi,We have been using a guy called David McDonald regarding mortgages he has been absolutely brilliant. He is based in France and his e-mail address is:[email protected]Just e-mail him and tell him Rita says Hi!Hope he can helpRita Link to comment Share on other sites More sharing options...
Shanks Posted July 29, 2004 Share Posted July 29, 2004 You might to want to try www.french-mortgage-advice.com they deal with a panel of french banks and usually get you the best rate. They also have alternatives for transferring money free. Link to comment Share on other sites More sharing options...
Val_B Posted July 29, 2004 Share Posted July 29, 2004 I think you'll find that HIFX has a minimum of 5000 for each transaction... maybe someone else can verify that amount??Val Link to comment Share on other sites More sharing options...
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