Exchange rates – don’t let them spoil your property purchase!
News of an increasing number of British people buying overseas property is encouraging, however this also means more and more of us could be exposed to losing money unnecessarily and unwittingly!
Interest in purchasing a home abroad increased by 33 per cent in the UK in 2013 and is set to continue this year, according to the online resource The Overseas Guides Company. For most people, the experience of purchasing in a foreign country in 2014 will be a new one, with strange laws and processes to be dealt with. There can be a lot to take in, which means it’s easy to overlook something, including exchange rates and currency transfers – an oversight that can cost you thousands.
Employing a specialist currency firm to send your money between a UK bank account and foreign currency account should be a priority for anyone buying abroad. Not only will you receive a better exchange rate and more personal service than if you just asked your bank to make the transfer for you, but you’ll have access to a team of experts who have helped thousands of other people like you purchase an overseas home successfully.
“By default, as a nation we tend to sign up a lawyer and property agent to look out for us when buying abroad,” said Charles Purdy at Smart Currency Exchange. “And we should give a similar status to a currency transfer specialist, like Smart Currency Exchange. We save clients thousands through our bank beating exchange rates, but the very nature of what we do means we also have a wealth of knowledge about overseas property transactions which we happily share with clients.”
If you are considering a property purchase in 2014, opening a no-obligation account with Smart Currency Exchange as soon as you can will enable you to benefit from their specialist knowledge in those important early stages of your purchase. To be put in touch with a senior currency trader, click here to open a free account.