Paying your Overseas Mortgage and Regular Payments

Overseas mortgage and regular international payments abroad made easy with RationalFX.

When paying your overseas mortgage or other regular payments, such as rent and bills, they need to be paid each month without fail. Sometimes, exchange rate fluctuations may prevent the full amount from being paid, or it could cost you more to cover the expense. With strict payment deadlines to meet, keeping the value of your funds from being affected by the currency market risk won’t be your only consideration: you’ll also need to ensure your international payment is received on time.

Establishing a currency strategy that offers convenience and cost-effectiveness

At RationalFX, we can help your regular international payments arrive where they need to be on time. Just as importantly, we’ll also provide the tools and services you need to forecast your payments buy knowing exactly how much you need to transfer in advance.

How we helped a family to manage their overseas mortgage payments

The Requirement

Having recently purchased a holiday home in Spain, the Green family needed to arrange for their overseas mortgage payments to be made every month. The family were concerned about leaving their mortgage payments at the mercy of exchange rate fluctuations, and wanted a solution to fit in with their busy lifestyle.

Our Approach

Having taken the time to understand the clients’ requirement, our currency specialists offered the solution to fix the rate for up to two years using a Regular Payment Plan (RPP) via a standing order. This way, the client could automate their mortgage payments each month using a standing order lock in a favourable exchange rate to help them get more from their money.

The Result

Straight away, the Green family were able to see the benefits of this strategy. The RPP offered them a hassle-free approach to their overseas mortgage payments, allowing them to get on with their busy lives. Their dedicated account manager would then process their international payment for them on the agreed date; while the exchange rate they secured provides them with the security of knowing exactly how much money they’re paying each month and that their mortgage cost would be covered. By securing a favourable exchange rate, their overseas mortgage payments were unaffected when the pound lost value against the euro, saving them a significant amount each month.

get started or find out more

With RationalFX, you can send money to over 50 currencies to more than 170 countries worldwide. We’ve helped over 26,000 individuals to make the most of their international payments, saving them time and money.

Interested in working with us? Speak to one of our currency specialists on +44 (0) 20 7220 8167, open an account or request a quote and one of our team will be in contact with you shortly.