Buying a second home overseas will almost certainly require you to make a foreign exchange transaction. Whether buying a second home in Spain, France, Portugal, USA, Australia or any other country, it is important you maximise the value of your overseas currency transfer. The multiple financial and non financial considerations when buying a home overseas should not make you overlook the importance of foreign currency transfers. Ensuring you are getting the best possible exchange rate and timing the transaction properly can make the difference between saving and losing out on thousands of pounds.
COMPARE FOREIGN CURRENCY TRANSFERS BELOW. CLICK QUOTE/APPLY FOR BEST RATES ON TRANSFERRING MONEY OVERSEAS TO BUY A HOLIDAY HOME
NOTE: The prices displayed above are an 'exchange rate guide' and for indicative purposes only. It may not be the exact final dealing rate that you receive when making an international payment. Exchange rates constantly change throughout the day and can change at the time of booking a trade. They are based on an average margin currency specialists generally will take - added to a near live interbank rate for your specified trade size. Rates can only be guaranteed at the point where a purchase of foreign currency is conducted either online or by telephone. To access a final dealing rate (otherwise you will only be quoted an 'indicative rate') you will need to open a free account with a foreign currency specialist above.
Click Quote / Apply on the provider best suited to your foreign exchange requirements.
The Porters found a dream second home in Spain. Upon signing a contract for €350,000, they logged onto MyCurrencyTransfer.com and sourced an FCA regulated currency specialist. They registered and opened an account with their dedicated dealer, reserving a rate of €1.192 to the pound. This was despite the fact they did not need to send the money overseas for another 2 months. They did this because; a. the reputable currency specialist allowed them to do so (forward contract) and most importantly b. wanted to be safe in the knowledge that the cost would not increase with unfavourable market movements which could cost them tens of thousands of pounds more.