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Currency
Exchange
Save
Money Buying Currency for your Overseas Property Purchase
Before buying a property overseas, you will need to
purchase currency to pay for the property. There are two
options available when purchasing and transferring
currency – you can use your bank or take our
recommendation and use the services of a specialist
currency exchange provider.
The
benefits of using a currency specialist over a bank are as
follows:
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You
may save up to 4% on the cost of the currency by
getting better-than-bank rates – On the cost of a £100,000,
the savings could be up to £4,000.
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You
can talk with a dedicated currency specialist rather
than bank personnel that may or may not know the
currency markets. Specialists can help you determine a
strategy on how to buy currency at the right time for
the right price.
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Your
funds will be transferred within 1-2 days using a
specialist services whereas banks take 3-5 days.
Furthermore, unlike the banks, currency companies can
eliminate transfer charges and receiving fees imposed
by most overseas banks.
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You
will have the ability to freeze the current currency
exchange rate (if it’s a good rate) so that you can
RESERVE money at today’s rate and pay for it at a
later date. This will give you peace of mind that your
property purchase price will not change due to
fluctuations.
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If
you have a set budget and want to ensure that the
price of your property does not increase and/or you
would like to get the best rates when purchasing
currency, we urge you to discuss your requirements
with a currency exchange specialist.
Our preferred partner is Smart Currency Exchange Limited.
They are the UK’s only currency exchange specialists
that work specifically with people buying overseas
property. Further, they are also the only currency company
that doesn’t pay their specialists on commission so you
can rest assured that your appointed currency trader will
offer the best rates with no pushy sales pitch.
Smart
Currency Exchange offers a free quote and educational
report. Even if you don’t need to exchange and transfer
money for several months, the report is well worth a read.
To find out how much you can save (and how to save it),
get the free quote and report by clicking on the banner
below.
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