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Whilst we would never claim to offer a comparable service to that of high street banks and travel agents in their volumes of business, Wincham Investments is now able to offer its clients a facility which will allow the conversion of Pounds to Euros and vice versa
This has revolutionised and simplified transactions for many of our clients. To avail of this service you must first become a registered user with Wincham International Ltd.
Please find below examples where we have been able to assist our valued clients, the names have obviously been changed to protect client anonymity.
Mr Showers from April
Client is resident in the UK, uses his property for about 3 months of the year, and rents it out where possible for the rest. Problem is that most of the costs arise in euros but his incoming rentals are all in sterling. Solution: Mr Showers has a monthly standing order for £750 which we convert at the applicable rate when we receive it, then pay it onwards to his euro account. This means he can use the internet banking facility on his euro account to pay all his bills even when he is in the UK. Client saving £60 per annum
Mrs June from Whitfield
Client has no rental income and only visits her Spanish villa about three times a year. All of her ongoing costs are paid by direct debit from her sterling accounts. When she receives advice of any Spanish taxes etc to be paid, she has to pay by UK credit card and incurs highly disadvantageous exchange rates. Having spoken us she is able to take advantage of our rates and we make the payments directly onwards to her suppliers. Client saving £100 per annum
Mr May from Guildford
Client has an invested property business in Spain with motor trade outlets in Jerez, Valencia and Barcelona. He also has a thriving business in the UK as a fashion consultant. All of his business bank accounts are in euros, even in the UK. When he pays out for any sterling costs he ends up paying over the odds to make a sterling payment from a UK account. He has considered using sterling accounts for his UK business but would still lose out on exchange rates. With our help he has the required sterling accounts but uses our services to convert the cash needed on a weekly basis. Client saving circa £10000 per annum
Mr Builder from Morrissey
Bob was looking to purchase a property in Spain. He had no links with Spain therefore no Spanish bank account. In order to purchase the property and pay the associated costs he needed euros. We were able to exchange his sterling into euros, at a favourable rate, into our Spanish Client account and from there pay it onwards to the necessary parties. On a €250,000 property purchase the client saved £600.
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