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Supporting Information

This section contains information regarding foreign exchange tools and processes, regulations and other information that will be useful to those buying property and sending funds overseas.

Ownership of Second Homes Abroad: By Country

In 2003/04 just over a third of all homes owned by UK citizens abroad were located outside of Europe, with almost 15,400 in the United States...

Euro Exchange Information

The euro was introduced to world financial markets as an accounting currency in 1999 and launched as physical coins and banknotes in 2002. All EU member states are eligible to join if they comply with certain monetary requirements...

European House Price Inflation

European house price inflation hotspots are shifting from the sunny south to Northern Europe, according to The Royal Institution of Chartered Surveyors...

Buying a Home Abroad as a Winning Investment

Guidance on buying property abroad and the pitfalls to avoid...

ACCA Advice on Rental Income Taxation

Owning a second holiday property abroad often means friends, family and work colleagues will probably ask to rent the property from you for a week or so, but ACCA has warned that a friendly, 'mates rates' rental could be classed as taxable income...

European Payments Council - Mandatory BIC and IBAN

From 1 January 2006, a European Payments Council resolution requires all European banks to process all cross-border euro payments, received within the European Union and the European Economic Area, with mandatory BIC and IBAN information...

European Union and the European Economic Area Countries

The following countries are affected by the European Payments Council resolution that requires all European banks to process all cross-border euro payments, received within the European Union and the European Economic Area, with mandatory BIC and IBAN information...

Sending Funds to ME Exchange

Once you have agreed a contract with ME Exchange you will need to make a transfer to us in settlement. The exact account to which you will need to send these funds will depend on which currency you are selling and will be specified on the contract note...

Onward Payment Details

Once a contract has been agreed you will need to complete this with details of the account(s) that you would like us to transfer your funds to once the exchange is complete...

Currency Market Events Calendar

A weekly calendar of events that shows what is happening in the major financial markets and the times when the figures are scheduled to be released. If the figures are not as widely predicted, then this can cause increased volatility in the market, which is often a good time to buy or sell currency...