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Posted February 23rd, 2012 by Charles Purdy

Using a currency specialist made us a huge saving

Whether you’re searching for an apartment in the Alps – prompted by this year’s incredible snow conditions, a pad by the Med or are relocating somewhere exotic, don’t rush into anything before you’ve thought about how you’ll make payments for your new property or send your savings abroad.

For Baxter Horton, a solicitor from Market Harborough, doing research into how to send payment abroad to pay for his ski apartment saved him £4,000. How? Simply by using international payment specialist Smart Currency Exchange instead of a bank for his currency transfers.
Before buying his property, which is in France, Baxter had only ever used high street currency exchange outlets, for getting holiday money. So when he needed to make two large payments in euros to cover the deposit and remaining balance of his Alpine property, worth £9,000 and £131,000 respectively, he decided to look around for the most efficient way of making the transfers. He chose to use Smart Currency Exchange, a decision that saved him £4,000 through their competitive exchange rate and lack of fees.

“Smart’s service has a personal touch because everything is done through the phone, which is much better than the internet,” said Baxter. “When you need a rate, you can just call up and get it”.

Another British couple who recently saved around £6,000 when they bought an overseas home, this time in Italy, are Michael and Caroline Di-Lella. The Di-Lellas, from the West Country, signed the final contract of sale for their property in Tuscany at the end of November last year, having moved to the region in September after Michael, a process improvement technician, secured a job there. After the couple had negotiated a purchase price of €180,000 for their new home, their thoughts turned to arranging payment for the property.

“Whilst researching the Rightmove Overseas [] website I had found a link to the Italy Property Buying Guide,” said Michael. “I downloaded the free guide and while reading it discovered the option of using Smart Currency Exchange to exchange and transfer money to Italy. I read other people’s testimonies and was impressed with the comments. I opened an account only about a week before I needed it – it was so easy and quick.”

In all, Smart Currency Exchange has exchanged around £177,000 into euros for the Di-Lellas, sending funds to their designated account in Italy. If the couple had used a high street bank to make the same transfers, they estimate it would have cost them approximately £6,000 more due to banks’ poor exchange rates.

Michael was especially impressed with Smart Currency Exchange’s customer service. “We both thought the response to our requests was dealt with swiftly and there was always a real person to speak to every time I called. I remember being at an early morning meeting here in Italy, with the notary, vendors and estate agent, and they couldn’t believe that to authorise a money transfer I just picked up the phone and made a call to Smart. In fact, they were gob-smacked! If and when the need arises I will not hesitate to use Smart again and we have already spread the word to friends and family.”

For your free report on how Smart Currency Exchange could save you money when you transfer funds abroad, click here


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