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Save Money Buying Currency for your
Overseas Property Purchase
Before buying a property overseas, you will need to purchase
currency to pay for the property. There are two options available
when purchasing and transferring currency – you can
use your bank or take our recommendation and use the services
of a specialist currency exchange provider.
The benefits of using a currency specialist over a bank are
as follows:
- You may save up to 4% on the cost of the currency by
getting better-than-bank rates – On the cost of a
£100,000, the savings could be up to £4,000.
- You can talk with a dedicated currency specialist rather
than bank personnel that may or may not know the currency
markets. Specialists can help you determine a strategy on
how to buy currency at the right time for the right price.
- Your funds will be transferred within 1-2 days using a
specialist services whereas banks take 3-5 days. Furthermore,
unlike the banks, currency companies can eliminate transfer
charges and receiving fees imposed by most overseas banks.
- You will have the ability to freeze the current currency
exchange rate (if it’s a good rate) so that you can
RESERVE money at today’s rate and pay for it at a
later date. This will give you peace of mind that your property
purchase price will not change due to fluctuations.
- If you have a set budget and want to ensure that the
price of your property does not increase and/or you would
like to get the best rates when purchasing currency, we
highly urge you to discuss your requirements with a currency
exchange specialist.
Our preferred partner is Smart Currency Exchange Limited.
They are the UK’s only currency exchange specialists
that work specifically with people buying overseas property.
Further, they are also the only currency company that doesn’t
pay their specialists on commission so you can rest assured
that your appointed currency trader will offer the best rates
with no pushy sales pitch.
Smart Currency Exchange offers a free quote and educational
report. Even if you don’t need to exchange and transfer
money for several months, the report is well worth a read.
To find out how much you can save (and how to save it), get
the free quote and report by clicking on the banner below.
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