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Posted July 9th, 2015 by Charles Purdy

Get the best rates when investing in UK property from overseas

We share a different kind of case study this week: with this spotlight on Mark Shaw, based in South Africa, who used Smart Currency Exchange to maximise his income when purchasing a buy-to-let property in the UK, and repatriating his rental income.

Mark and his wife had originally planned to move to Ireland, but then decided to put their plans on hold after he had transferred his funds there. He then decided that, given the weakness of both the euro and his own home currency, the South African rand, it would be a good idea to make a sterling-based investment – hitting upon the idea of buying a rental property in Liverpool.

By using Smart Currency Exchange to make the transfer, Mark was able to achieve better exchange rates and experience a faster and more personal service. He now plans to use the currency specialist to transfer his expected rental income back to South Africa.

“All in all, I transferred around £50,000 to the UK from Ireland”, said Mark. “Smart Currency Exchange gives such good rates and provides a very professional service, always doing exactly what they say they will. I just have to send an email to my account manager there and they deal with my request.”

His buy-to-let properties are now managed by a local agency, and he plans to generate regular income to send back to South Africa. “I envisage sending between £1,000 and £2,000-worth of rand back to South Africa each month – leaving some money in the UK for maintenance and costs. I’m arranging it so I can make these regular transfers through Smart Currency Exchange.”

If you want to find out more about getting the most from your currency transfers, give me a call today and I can discuss your options with you.

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Posted September 17th, 2014 by Charles Purdy

Paying for our French home was easy with Smart Currency Exchange

Thoughts of holidays at their new French home is enough to put a smile on the faces of the Andrews family, who saved money by using Smart Currency Exchange when they purchased across the Channel. When Mark and Judy Andrews from West Sussex found their ideal French property, a traditional farmhouse in Poitou-Charentes, they used  Continue Reading…

Posted July 24th, 2014 by Charles Purdy

What a difference a year makes – about £7,000 for a €100K property!

Can you believe that for British property-buyers a €100,000 home in Europe is today around £7,000 cheaper than it was in July 2013? And the same goes for a $100,000 property in the USA… And this is all thanks to a shift in exchange rates – nevermind any discounts that might have been applied to  Continue Reading…

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