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- Buyer's Guide intro
- before you view any properties
- what & where to buy
- a good agent
- your viewing tour
- agreeing the purchase
- choosing your lawyer
- confirming your offer
- exchanging contracts
- preliminary searches
- completion
- taxes and fees
- bank accounts
- mortgages
- currency exchange
- summary
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Buyer's Guide
Currency Exchange
Buying a property is a big purchase for most people. If you're buying it in a different currency, you'll want to make sure you get the best possible exchange rate.
When you buy something that costs a few hundred pounds/euros/dollars, a small change in the exchange rate probably won't make that much difference. But on a big purchase, just a drop by a few percentage points could cost you a few thousand, so it's important to get the best rate you can.
A Leading City Foreign Exchange Dealer
To get you the best rates in the market, we've teamed up with a leading foreign exchange dealer - TTT Moneycorp (7.5 billion pounds traded per annum, ISO registered with a top credit rating).
We've used them ourselves for a number of high value foreign property transactions and we can thoroughly recommend them and their excellent service.
The preferential package we've put together offers:
- No commissions
- Best rates
- Quick and easy to use
More details about the service package.
And If You Are Buying Off-Plan
After making the first stage payment on an off-plan property, you may not be paying other stage payments for maybe a year or more. To avoid a nasty surprise, you ought to know about forward purchase options which guarantee future exchange rates.
In addition to this, there are other contracts, too, which you ought possibly to know about.
See… forward currency contracts and other useful services.
These offer even more potential to beat any rates offered by your local bank.
Mortgage Payments Handled Too
If you'll be paying a mortgage in a foreign currency and need to transfer funds on a regular basis (e.g. monthly), they also offer a Regular Payment Plan. This means they'll give you the monthly currency exchange at commercial rates (i.e. lower rates).
Leaving It Till Later Could Be Expensive
Because of the impact of neglecting this aspect of house purchasing until it's too late, don't make foreign exchange an afterthought.
Opening a Moneycorp trading facility is dead simple, costs nothing, is obligation-free and gives you almost immediate access (is about 5 minutes quick enough?) to foreign exchange professionals. They can give you FREE advice relating to your personal circumstances.
It's advice that could save you thousands - try it now.
Next - Summary and closing words on buying a home in the sun.
Life under the sun
doesn’t get much tougher…
