Tenerife Property Buying Guide

Currency

Your purchase is going to be made in Euros, although from time to time a vendor may request a sterling transaction. Most people automatically think of their bank as the first place, although the element of trust is there, bank rates tend to be on the high side and there are normally costs incurred with making the transfer.

The best option is to use a currency broker, we work in partnership with HIFX one of the UK’s leading currency brokers. With HIFX it is free to open your account and they make no charge for the transfer, you can buy as little or as much currency as you need and you know you are getting a very competitive exchange rate.

With HIFX exchange rates can be set months in advance ensuring that you do not suffer over a period of time by exchange rate fluctuations. They also have an option for regular payments, meaning you always get the most competitive exchange rate, when you are making mortgage payments etc.

For more information visit www.hifx.com