Dreaming of buying property in Florida? We checked in with one of our many happy customers, Wayne Savill, to ask about his experience in buying an overseas property specifically a Florida villa. After initially facing challenges with other foreign exchange providers, Wayne was able to achieve his dream with some help from Telegraph International Money Transfer.
Why did you choose to buy property in Florida?
"We chose to start looking at Florida villas as my brother moved to the USA from the UK 26 years ago. As they rarely visit the UK, we have been regular visitors to the Orlando area. Having taken early retirement last year and having the ability to afford our own place, we decided this was the logical place for an investment property that we could also use when we visited so we decided to buy a house in Orlando."
How did you find the buying process with other foreign exchange providers?
"The process with other foreign exchange providers was very stressful and confusing, and in hindsight I should have used Telegraph International Money Transfers from the start.
Having signed all the documents, I initially transferred the funds to purchase the property in Florida via an alternative online banking company. However, 3 days later the money was returned to me, with the citation that their payment process was of a type that was not accepted for this type of transaction, something that was not made obvious during the process.
I then tried to resend the funds via a third party, however I was let down by the online provider when my money was blocked and I could not get it released in time to make the closing deadline. This was in part due to the fact that they only operated an online helpdesk.
As soon as I realised there was an issue, I logged into my existing Telegraph International Money Transfer account, which I had set up earlier for my international payments to the USA in order to buy property in Florida"
How did you find the buying process with Telegraph International Money Transfers?
"From my account, I was able to quickly fund my account; set up the new vendor and make the payment all in a matter of minutes.
When setting up the new vendor during this process, I required some assistance and was able to speak with an actual person over the phone, who talked me through what I needed to do to complete the process. I was put through to an account manager in very quick time without hanging around in an online chat room for hours waiting for an agent to sort it out."
What did you like about Telegraph International Money Transfers?
"I’d recommend using Telegraph International Money Transfer for its ease and transparency, as well as the fact that you receive guidance and can talk to an actual human being! I’d have no hesitation in recommending this service to my friends and family.
Using Telegraph International Money Transfers enabled me to stay on track and meet the closing deadlines. I am not sure what I would have done without their great service and easy-to-use online system."
How you can buy your dream property in Florida?
Why not follow Wayne’s lead and achieve your dream of buying a villa in Florida? Let Telegraph International Money Transfers help manage the cost of your international payments, with great exchange rates, no transfer fees (excluding Regular Payment Plans), expert guidance and a wide range of foreign exchange services on offer. You can use your account to transfer a deposit, set up regular automated mortgage repayments and make ad-hoc transfers for maintenance fees and living costs.
Contact us now and take the first step towards your dream home and speak to one of our specialists on 0333 220 7068 or set up your free account online with Telegraph International Money Transfers
moneycorp is a trading name of TTT Moneycorp Limited which is authorised by the Financial Conduct Authority under the Payment Service Regulations 2017 (reference number 308919) for the provision of payment services.
The above article was created for Telegraph Financial Solutions, a member of The Telegraph Media Group. For more information on Telegraph Financial Solutions click here
Information correct at date of publication.