Saving You Money

Buying Currency for your Overseas Properties

Before buying a property, you need to consider your currency exchange rate as even if you are taking out a mortgage you will need to transfer monies to your French Bank Account.

You have two options.

1. Speak with your Friendly Bank who will be glad of your call as they will charge you on both ends including a poor exchange rate.

2. Speak to a currency company who will not charge you anything and give you the best return.

The Benefits of using a currency specialist rather than a bank is easy to see.

You may save up to 4% on the cost from using your UK bank.

• On the cost of £100,000, you could be saving as much as £4,000 by using our preferred Currency Company.
• You can talk to your dedicated currency specialist rather than speaking to a bank personnel that may not understand the currency market and only goes by what  head office tells them to say.
• With a Currency Company your money is transferred a great deal quicker than with a bank.
  • Banks normally take between 5 and 7 working days.
  • Currency Companies take between 24 to 48 hours.
• Unlike the UK Banks, the Currency Company can eliminate transfer charges.
• With a Currency Company you are able to freeze the currency exchange rate.
  • If it`s a good rate you can reserve that rate in advance on the money rate of the date you had reserved your transfer
  • This gives you peace of mind not worrying about the fluctuations and finding out you have not transferred enough and cannot close on your purchase.
• If you have a set budget and want to ensure that the price of your property doesn't go up due to the banks reducing the currency then you can fix this in advance with a Currency Company

For further details please click on to the following link.