As the holder of an overseas mortgage, you have to send monthly sums of foreign currency to your lender. But UK banks can be slow and expensive when it comes to transferring these funds overseas…

When you use a high street bank commission and transfer charges can add an extra £35 a month to your payment costs. Many local branches have staff with little or no experience of international transfers. Their mistakes can cause delays and cost you money. What's more, the funds may go through several links in a chain: from local branch to destination branch. Each link increases the chances of your funds being delayed or even going astray.

Fortunately, The 4Less Group plc has developed a new product that minimises stress, complication and cost. We've called it the Overseas Mortgage Payments Plan, and it is designed to be easy to use and give you savings, service and security.

• The plan reduces the cost of your monthly overseas mortgage payment. It gives you:
• Ease of Use - once you've completed the application form your payments are made by direct debit and your exchange rate set for twelve months.
• Savings - by buying currency at commercial rates.
• Service - negotiating special terms with foreign banks to cut your monthly transfer rates.
• Security - by securing a fixed exchange rate to protect against currency fluctuations for up to twelve months.