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Halo Financial
Saving money buying foreign currency
Should you be buying your dream retirement or holiday home overseas or intend to invest in international property, youll want to make sure you maximise your purchasing power and buy your property at the lowest cost to you.
When buying a home overseas, youll almost certainly be expected to pay for the property in foreign currency often in several stages. Therefore its worth remembering at this stage that the price of a property differs from the cost of the property. The cost to you and therefore how much you pay in Pounds sterling to buy the property will depend on the exchange rate you buy your foreign currency at.
Consequently, its important to choose the right time to convert your funds into the new currency. If you dont pick the ideal exchange rate, your property could cost you much more than you expected. Consider the following example:
A European property priced at 250,000 would have cost you only £169,860 at the start of March 2006 but £175,350 by the end of the month. Thats an increase of £5,490 in only one month and its solely due to exchange rate fluctuations.
To mitigate these currency risks, Bridge Property International highly recommend the services of currency experts Halo Financial.
Halo Financial operate as a direct alternative to your bank but specialise in foreign exchange services. Their currency dealers are qualified technical analysts holding industry acknowledged certifications and they regularly feature on industry leading TV news channels such as CNBC and Bloomberg.
Our clients remember them for providing a friendly, enjoyable yet professional service and for delivering value in everything they do. So whether you need to make an immediate currency transaction, fix an exchange rate for up to 2 years forward or make regular currency transfers to or from the UK such as pension, mortgage, salary or rental income Halo Financial can help.
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They deliver: |
We recommend them because they will: |
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- Fixed rates for up to 2 years
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- Simplify the process of buying currency
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- Protection against adverse currency fluctuations
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- Swiftly and efficiently transfer your international payments
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- A dedicated currency expert
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| So if youre planning to buy property abroad and would like an exchange rate quote or a discussion about your currency needs, please register your details on the website or give the team a call and we will provide you with the best possible options to save you money. |