andromeda9 Posted October 18, 2016 Share Posted October 18, 2016 were almost at completion date with our uk rented property know that our bank rate in the UK is very low our Australia bank is sort of ok, seen better days question is should we put the money in the UK account to transfer when maybe interest rate improves in Australia or have my solicitor transfer it directly to our bank account in Australia on completion kind regards Andromeda Quote Link to comment Share on other sites More sharing options...
calNgary Posted October 24, 2016 Share Posted October 24, 2016 If you dont really need it, id be tempted to send it over here when the rate is good. Cal x Quote Link to comment Share on other sites More sharing options...
Bungo Posted October 24, 2016 Share Posted October 24, 2016 were almost at completion date with our uk rented propertyknow that our bank rate in the UK is very low our Australia bank is sort of ok, seen better days question is should we put the money in the UK account to transfer when maybe interest rate improves in Australia or have my solicitor transfer it directly to our bank account in Australia on completion kind regards Andromeda I would be basing this decision on exchange rates not interes rates! If you don't immediately need the money for something, I would leave it in UK for the medium term and wait for an exchange rate improvement. Quote Link to comment Share on other sites More sharing options...
andromeda9 Posted October 24, 2016 Author Share Posted October 24, 2016 I would be basing this decision on exchange rates not interes rates! If you don't immediately need the money for something, I would leave it in UK for the medium term and wait for an exchange rate improvement. That's exactly what we decided today was going to send it here in Oz but had we think a lucky escape as my uk solicitor got worried when she saw that my funds were going to another named bank in America,then who knows where next,scary for sure,lucky she held back as we would have regretted it as were thinking the Ozzie banks are going to improve was good you thinking the same cheers Quote Link to comment Share on other sites More sharing options...
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