Whether you’re dreaming of a countryside cottage in the South of France, a chic modern apartment in London, or a holiday home somewhere sunny, buying a property overseas is an exciting prospect. However, it also comes with a lot to think about, such as removals, how you send money overseas, and what life will be like in another country.
At Evolve Currency Management, we can help take some of the stress out of purchasing an overseas home. We can help you lock in an exchange rate so you know exactly how much your property will cost, no matter how much the exchange rate fluctuates during the purchase process. Read on to find out more.
Why Should I Lock in an Exchange Rate for a Foreign Property Purchase?
If you’ve bought a property before, you’ll know the full process can vary in length. This means that if you agree to buy a property while the rate is at one level and then finalize the purchase three months later when the exchange rate has fluctuated, the amount your new property costs could be very different.
How Do You Lock in a Rate?
Speaking to our dedicated currency account managers means you have someone to help you when it comes to making decisions about your foreign currency transfer. We consider factors that could influence your exchange rate, both now and in the future. Such as economic data, geopolitical events, and central bank developments. We can lock in a rate when the market moves in your favor, and help you transfer your funds at a time that’s good for you around your needs and timescales. Speak to our experts to find out more.
Why Should I Use a Currency Broker Over a Bank?
Currency brokers can offer competitive exchange rates, as they offer currency as their only service, rather than as part of a broader offering. These rates of exchange are particularly notable when it comes to a large-scale money transfer, for something like life savings or a property purchase.
At Evolve Currency Management, we offer you a personalized service designed around your individual needs and timescales. We help you to achieve competitive rates and have a proactive approach so you can capitalize on positive market movements. Not only this, but we can also help you move your money quickly when you need to, and we offer fair and transparent exchange rates from beginning to end.
If you need to send money overseas regularly after your purchase is complete, for property costs, pensions, salaries, or something else, you can talk to us about making regular overseas payments, too.
Want to find out more about locking in an exchange rate for your overseas property purchase? Contact our team to see how we can help, or open a private client account, here.