Foreign Exchange UK Trading

Buying property abroad

Foreign exchange UK brokers offer ultra-competitive exchange rates for people buying property abroad, whether you are buying a second home, or emigrating. use Foreign Exchange UK it is cheaper than using your bank, Where we will send your funds to your foreign bank account free transfer fee and no commission charges.

Buying a property abroad is a big commitment and before you commit to buying property abroad, you should take time to consider the financial implications of your transaction, especially in respect of the ever changing exchange rate.

Exchange rate fluctuations can make a dramatic difference to the price you end up paying for your property abroad. as an example where the euro in Noverber 2008 was at a record low, By pre booking your currency you are able to get preferential exchange rates which are usually only available from your bank on transactions of £1m or more. On a typical transaction, clients save 1.6% by using Foreign exchange UK How much can that save you well on a large currency transfer, this could mean saving thousands of pounds.

Also consider the following factors when buying property abroad.

Buying Property Abroad - Legal Representation

It is always worth seeking advice from a local lawyer when buying property abroad. A bilingual lawyer will also help to ensure that things go smoothly, and that you understand the process. Also ensure you use a reputable estate agents, confirm with your local lawyer where your deposit money will be held before you hand it over and sign on the dotted line.

Buying Property Abroad - Buying Outright

If you are buying a resale property abroad, you will at some point need to change your sterling into the relative currency. Foreign exchange UK can help you get the most from your transaction, by setting up an account you can get a better exchange rate as well as pre booking your rate where you benefit from exchange rate fluctuations. Once your property purchase has been agreed, you can reserve your currency at a guaranteed exchange rate, allowing you to have total peace of mind, and focus on the more enjoyable aspects of buying property abroad.

Buying Property Abroad - Buying Off-Plan

If you are buying property abroad, and your property is part of a new development, you will probably need to make a number of "stage payments", with the final payment due upon completion. This can entail risk, since the exchange rate is likely to fluctuate considerably during this period. Foreign exchange UK can help you avoid this risk by fixing a guaranteed exchange rate for your various stage payments in advance. When buying off plan property abroad, this option can be highly advantageous and save you money.

How much can I save?

For example: Let's assume you transferred £100,000 into Euros on January 01 2008.

Bank: £1 bought you €1.32 * -

High street bank - £100,000 = €132,000

Foreign Exchange UK : £1 bought you €1.36 *

Foreign Exchange UK .com £100,000 = €136,000

By using Foreign Exchange UK you would be getting an extra €4,000

Before you can start saving money and gaining access to our specialist personal advisors you will need to open an account with us, you can then trade even on the same day. Opening an account is free of charge.

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