Overseas property
If you are buying property overseas, whether as an investment, a holiday home or as part of a permanent relocation plan, you will probably have to pay for it using foreign currency.
The maximum amount of foreign currency possible
When purchasing property overseas, you will probably need to pay estate agent and legal fees. So, it’s important that you get the maximum amount of foreign currency possible. You will want to protect your money against possible adverse exchange rate movements, which could mean that your home currency will buy less foreign currency.
Choose Moneycorp because:
- Our market experts will get you the best exchange rate available, making your money go further.
- We can fix an exchange rate today that will be valid up to two years in the future, so you will know exactly how much foreign currency you will get and that you can meet your property purchase commitments with no shortfall.
- We use the most reliable payment methods available, ensuring that your funds are transferred as quickly and securely as possible.
Our approachable, experienced staff are on-hand and accessible to you throughout the day.
- You won’t have to pay commission or receiving bank charges.
- You can be confident that you are dealing with the experts. We have been trading currencies since 1979 and last year we traded over £11 billion in currencies.
We will absorb any international transfer charges*.
* When making an international payment, we will ensure that the full amount arrives in your beneficiary account. However, due to the Payment Services Regulations 2009, we cannot guarantee that the bank receiving your funds will not then deduct a fee once the money has been deposited. We suggest that you contact the beneficiary bank for clarification on potential charges.
Regular payments automated
If you need to make regular payments, such as monthly repayments on a mortgage, we can arrange these for you through our Regular Payment Plan (RPP). The RPP removes the inconvenience of arranging individual transfers through your bank on a regular basis. Set it up once by Direct Debit and receive foreign currency in your destination bank account every month.
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