Transfer services made for you
When you’re planning to buy or sell an overseas property, one of your considerations should be how you’re going to transfer your required currency. Some people assume that using their bank is the best way of going about it. This isn’t necessarily the case at all, and we recommend our clients use the specialist foreign currency exchange provider Foreign Currency Direct (FCD) for all their currency needs.
Not only can they offer competitive rates of exchange when compared to high street banks, they also understand the nuances of the foreign property market. Having helped thousands of clients to buy abroad, they’re well placed to organise the transfer of your exchanged funds and can send payment directly to your solicitor.
When you become a client of FCD, your dedicated account manager will take the time to understand your needs and explain the different options available to you in plain English. Their experienced team has extensive market knowledge to answer your questions about the factors that could impact your currency exchange.
FCD are authorised by the FCA as an Electronic Money Institution, so you can rest easy in the knowledge that your funds are handled responsibly, held in specific accounts used to keep your funds and company funds separate.
Depending on what stage you are at with your property purchase, FCD has a number of different options available for your transfer. For example, a forward contract which is an agreement to purchase currency for a date in the future without having to pay for it all up-front. You can lock in an exchange rate for up to a year in advance, pay a small deposit to us and then draw down your currency up to three months prior to the date you have booked your funds until.
Learn more about Foreign Currency Direct HERE