I have helped run the international homes for sale website Homesgofast.com for over a decade. One very strong message that we have consistently communicated to both our buyers and sellers is DONT LEAVE CURRENCY TRANSFERS TO CHANCE! So many times we have seen both buyers and sellers of overseas property lose out to fluctuating exchange rates by poor planning.
References to Currencies Direct
Get it right and you can actually make money on your purchase of an overseas property get it wrong and all that negotiating you did on a sale or purchase was a waste of time and money!
The best way to send money overseas depends on a number of factors including:
Follow these steps to help you a good deal that’s right for you:
There are three main options for sending money:
As a rule – banks are safe and convenient for regular payments.Money transfer firms are very fast but can be more expensive if you’re sending smaller amounts. FX brokers are normally the best option if you’re sending larger amounts, usually over £3,000. Source: Money Advice Service
Choosing the best foreign currency specialists can be daunting with a hugely competitive market who are the best players in the sector? It’s good to think about what you need and if the company can provide:
Did you know to help you find the best foreign exchange rate XE.com allows you to set a target for the exchange rate, and if the market falls to that level it will send you an email alert – handy if you want to get the very best deal. Some good advice can be found at the Money Saving Expert Foreign Currency Advice and the Independent Guide To International Money Transfers
We also provide, tips, guides and advice about transferring money to Australia, France, India, Spain, South Africa, USA, Ireland. Homesgofast.com also operate the #TOPFX100 index
One of the most popular places that Homesgofast.com promotes real estate is in Spain. Spanish property has a particular allure to UK buyers with its close proximity, low-cost property prices, relaxed lifestyle and warm climate. Frequently asked questions about transferring money to Spain include: