When you’re planning to buy or sell an overseas property, one of the things to think about is how you’re going to transfer your required currency. Some people assume that your bank will be the best way to send funds cross-border, when in fact you could find yourself paying more than you need to.
The saving you could make by using a specialist foreign exchange provider can be significant, which is one of the reasons we recommend our clients to use Foreign Currency Direct for all their currency needs.
Not only can they offer extremely competitive rates of exchange when compared to high street banks, they also understand the nuances of the foreign property market. Having helped thousands of clients to buy abroad, they’re well placed to organise the transfer of your exchanged funds and can send payment directly to your solicitor.
Foreign Currency Direct has a number of different options available to help you manage your currency exchange. A forward contract allows you to secure a rate of exchange for up to 12 months in advance. This eliminates the risk of swings in the market that could impact your currency return significantly, whilst you wait for completion.
Some of the benefits you’ll enjoy as a Foreign Currency Direct client are:
- Highly competitive exchange rates
- Dedicated Account Managers with expert market knowledge
- Peace of mind, knowing FCD is an Authorised Electronic Money Institution (FCA Reference Number 902022)
- Easy transfer of funds when you need them
- Long established reputation having traded since 2000
- Recommended by clients: Thousands of 5 star feefo ratings
When you become a client of FCD, your dedicated account manager will take the time to understand your needs and explain the different options available to you in plain English. Their experienced team has extensive market knowledge to answer your questions about currency fluctuations and the best time to trade to get the most for your money.