Quote:
Originally Posted by grimmy
I am due to be transferring over to Sydney quite soon and I am going to be renting out my UK property as I do not intend to stay in Oz past the 4 years that my temporary visa allows.
The problem I have is the rent that I can demand will not cover my mortgage so will mean that I need to send back about £500 every month to cover the mortgage payments.
Does anybody have any advice of the most cost effective way of doing this?
Regards...Paul
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Get in contact with Hifx in Sydney. You'll be able to set up a regular payment in GBP from your oz AUD account at a fixed rate.
The only cost you may incur is if your bank isn't one of the major merchant banks (e.g HBOS, Nationwide) in which case the payment will go through another bank at a cost of approx £12-£16.