J Dohery and Son are happy to refer our customers to the following
service provided by Complete Currency. Read below the case
studies of our customers either buying in the Republic, paying
a Euro mortgage but earning Sterling or purchasing foreign properties
(ie Spain, Bulgaria, France USA etc). To find out more Click
below are actual cases (with names changed).
the currency rates provided to do a comparison to your own individual
case. If you have any queries and want further information just
fill in our information request form.
YOU GET PAID IN STERLING BUT PAY YOUR MORTGAGE IN EUROS?
If you are
buying a property abroad, emigrating or making regular payments
to service a cross border or overseas mortgage then Complete
Currency can help you to make substantial savings by limiting
exposure to Foreign Exchange (FX) risk.
o Best exchange
o Fast money transfer
o Full variety of foreign exchange products
o No hidden charges
o Free consultation
o Direct Access to the foreign exchange market
o Specialist foreign exchange traders with over 30 years experience
in foreign exchange
Through a mortgage regular repayment plan, Complete Currency
can remove unnecessary bank transfer and commission fees, remove
FX fluctuation risk by locking in a rate for up to 12 months,
remove the hassle of physical cash payment and, from savings through
using the plan, assist in off-setting rising interest rates.
Mr & Mrs
Smith, from Derry, wanted to purchase a property in Quigley's
Point Co. Donegal. The purchase price was €262,649.00. On
the 2.2.07 Complete Currency gave them a GBPEUR rate of
€1.5085 translating to a Sterling purchase price of £174,112.69.
The best rate that the Smiths could negotiate with their own bank
was a rate of €1.4449 which would have meant a purchase price
of £181,776.59. The Complete Currency saving in this case
was £7,663.90. To find out more Click
Mr & Mrs
Jones work in Derry and live in Muff, Co. Donegal. Their mortgage
is €950/mth or €11,400/year. The average exchange rate
from their bank in 2006 was €1.4338 which meant they paid
£7,950.84 after currency conversion but they also paid bank
Telegraphic Transfer fees (12 x £25) of £300 plus
bank FX commission (12 x 2%) of £159.01 giving a grand total
for the year of £8,409.85 paid out.
2007 Mr & Mrs Jones came to Complete Currency and decided
to lock in a fixed rate of exchange for 12 months. As Complete
Currency provide superior rates to the banks the Jones's secured
a rate of €1.5000 guaranteed free from FX fluctuations. This
means that they know their total mortgage payment for 2007 will
be £7,600.00 and only £7,600.00 as Complete Currency
do not charge transfer fees or commission. The total saving
to the Jones's for 2007 against 2006 will be £809.85.
To find out more Click Here
In June 2006,
the Browns from Derry wanted to purchase a pre-plan 2 bedroom
apartment in a new development in Spain. The purchase price was
€285,000.00 and the transaction consisted of a deposit and
staged payments up to 70% with the balance payable upon completion.
The Browns took out a Sterling mortgage then came to Complete
Currency and secured a rate of €1.4570 for the initial
deposit of 20% in June (bank rate was €1.4263, saving was
£842.05) and at the same time secured forward contract
rates for the 15% due in September '06 at €1.4530 (bank rate
was €1.4215, saving £651.98) and 15% due in
December at €1.4502 (bank rate was €1.4200, saving £626.94).
The penultimate payment of 20% was due in March 2007 but after
discussion with Complete Currency the Browns decided to
hold to see how rates would develop with the objective of securing
a better rate closer to March 2007. Complete Currency contacted
the Browns in December 2006 and indicated that the rate available
at the time was €1.4969 which was duly secured for the 20%
March payment (the spot rate for March was €1.4701 and bank
rate was €1.4411, saving £1,474.42).
In May 2007 the Browns sold the property for a profit of €35,000
and used Complete Currency to repatriate the Euros into
Sterling at €1.4720 (bank rate was €1.5010, saving was
£459.38). By using Complete Currency for their
FX transactions the Browns made a saving of £4,054.77.
To find out more Click Here