Moving the States...

- N
- Neil D.
  
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posted
20 years ago

Thu, Jan 8, 2004 12:51 PM

Hello,

I'm maybe thinking of leaving to live in the states.

I have a house with an endownment mortgage of 29,290 which has served about

10 years of its 25 year term.

I think the house prices in my area would indicate a value of maybe 35k.

If I was to sell this house, how does the settlement work?

Say I have a nice pot of cash, how could I best transfer it to the USD etc without incurring the loss associated with changing money at say the post office etc.

i.e. if the current rate is 1.77 they might give me 1.65 etc... which would lead to a large loss on substantial sums.

Thanks

Neil

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- P
- Peter Saxton
  
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Vote on answer
posted
20 years ago

Thu, Jan 8, 2004 6:19 PM

You don't know whether you are thinking of leaving?

I'd have thought that you'd be better off not using the post office. Can't you find someone walking down the road who may be interested in changing it for you?

I'd transfer it from a sterling bank account to a US$ bank account.

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