We are in the fortunate position of soon being able to clear the mortgage we took out with a French bank to by our maison secondaire six years ago. Financial issues are tricky enough in your own language so I wouldn't want to get anything wrong in translation.
With the current currency volatility there's no point discussing when the best time might be but we are looking for the most cost efficient way of transferring a sizeable amount of GBP to our French bank account.
Also, when we took out the mortgage, we bought a 'Nuance 3D' worth about 15% of the mortgage value by way of an 'assurance' and earning a reasonable amount of interest. We get an annual statement of its worth but would like to know if there is any 'penalty' for early settlement?
Your thoughts on this or any experiences you may have had will be very much appreciated.