Currency -Foreign exchange transactions

Using a service provider can save substantial amounts both on the purchase of a house and for all ongoing transfers for living expenses abroad. We are currently recommending the services of the following three Currency firms; Baydonhill plc, Currencies Direct and HIFX each of which firms we have found to offer efficient and reliable service. We advise you to look at their relative services to see who can best cater to your requirements.

BAYDONHILL

They offer the two following types of contract and an advisor will guide you as to which best suits your requirements.

A spot Contract is the most basic foreign exchange product. The currency is purchased at live rates of exchange and is available for use upon your funds clearing usually within two working days.

CURRENCIES DIRECT

Currencies Direct was the first independent foreign exchange company outside of the banking world to provide private individuals and companies with commercial rates and a quality service.

Besides saving you money, they provide a personalised, jargon free service with free access to payment tracking. Get quotes. It is quick and easy to register.

Currencies Direct

HIFX

Using HiFX when buying property abroad couldn’t be easier. Their friendly team of experts will develop an understanding of your circumstances and provide you with all the help and advice you need. They guarantee no transfer charges, no commission fees and no overseas bank receiving fees.

HiFX - Currency Specialists

It is wise to make provision for your currency transactions well in advance. When you find the house you wish to purchase you will need to forward a deposit to the notaire. It is prudent to prepare for this eventuality in order to take advantage of most favourable rate on offer and to ensure that there are no delays when you have found and are ready secure your dream home. Whether you are transferring 10 – 30 % deposit or funding the whole purchase in one transfer you can take measures to ensure some protection from unfavourable movements of euro and sterling.