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Money Transfers
| Money Transfers |
| Introduction |
Foreign exchange
When buying property overseas the constant fluctuation of foreign exchange rates mean that the installments you may have to pay on your new home will also be constantly fluctuating – maybe beyond your budget. So it makes sense to guarantee the best rate possible.
Currencies Direct, one of the market leaders in foreign exchange, can offer many options which are not readily available to individuals though high-street banks and which could save you hundreds, if not thousands of pounds, these include.
Spot transaction
This is the buy now, pay now option and is ideal for those whose capital is readily available to them and who need to act swiftly.
Forward transaction
This is the buy now, pay later option and is ideal if you have some time before your money is due overseas or are waiting for the proceeds from the sale of your UK property. This option not only protects against possible drops in the exchange rate but also gives you the security of the currency you need at a guaranteed cost, regardless of fluctuations in the market.
Regular currency transfer
This is ideal for any regular overseas payments such as foreign mortgages, pensions or salaries. They can be done at commercial rates as opposed to the tourist rates a high-street bank would offer.
At Villasol we can guide you through all the stages of your property purchase and help you secure the best possible exchange rates, at terms tailored to your buying needs. For more information on how you can benefit call on
+34 952 527 201 |
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