If you have purchased a property abroad and have a mortgage then you can get a better exchange rate and free money transfer fees when you use a currency exchange broker.

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Buying Property Abroad compare the market

Compare Money Transfer compares foreign exchange brokers offer ultra-competitive exchange rates for people buying property abroad, whether you are buying a second home, or even selling a property. Use Compare Money Transfer it is cheaper than using your bank, Where the money transfer companies will send your money to your foreign bank account, with free transfer fees and no commission charges.

Buying a property aboard is a big commitment and before you commit to buying property abroad, you should take time to consider the exchange rate as it can have a dramatic difference to the price you end up paying for your property abroad. as an example where the Euro in November 2010 was at a record low, By forward booking your currency you are able to get preferential exchange rates which are usually only available from your bank on transactions of £1m or more. On a typical transaction, clients save 1.6% this could mean saving thousands of pounds.

Also consider the following factors when buying property abroad.

Buying Property Abroad - Legal Representation

It is always worth seeking advice from a local lawyer when buying property abroad. A bilingual lawyer will also help to ensure that things go smoothly, and that you understand the process. Also ensure you use a reputable estate agents, confirm with your local lawyer where your deposit money will be held before you hand it over and sign on the dotted line.

Buying Property Abroad - Buying Outright

If you are buying a resale property abroad, you will at some point need to change your sterling into the relative currency. Compare Money Transfer can help you get the most from your transaction, by using our comparison chart on foreign exchange trading companies you can get a better exchange rate as well as pre booking your rate where you benefit from exchange rate fluctuations. Once your property purchase has been agreed, you can reserve your currency at a guaranteed exchange rate, allowing you to have total peace of mind, and focus on the more enjoyable aspects of buying property abroad.

Buying Property Abroad - Buying Off-Plan

If you are buying property abroad, and your property is part of a new development, you will probably need to make a number of "stage payments", with the final payment due upon completion. This can entail risk, since the exchange rate is likely to fluctuate considerably during this period. Compare Money Transfer can help you avoid this risk by fixing a guaranteed exchange rate for your various stage payments in advance. When buying off plan property abroad, this option can be highly advantageous and save you money.

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France
Spain
Germany
Portugal
Poland
South Africa
USA
India
Pakistan

Italy

Cyprus

Greece

Austria

Netherlands

Luxembourg

Belguim

Nigeria

Ireland

While every effort is made to ensure that the information shown on Compare money transfer website is both accurate and up to date, we do not guarantee that it will be fault free and we do not accept liability for any errors or omissions. Please check any information from the company including terms and conditions before making a purchase.

Buying / Selling Overseas Property?

If you are buying property abroad, you will have to pay for the property in the currency of the country you are buying in. Use compare money transfer to select the company that will convert sterling (or your domestic currency ) into that foreign currency and make the international payment including instant transfer in to the overseas bank account you have nominated. Alternatively, if you are selling your overseas property, also they can help you repatriate the sale proceeds back to your domestic currency.

Emigrating / Returning From Abroad?

If you are emigrating, you will have to convert currency into the currency of the country you are moving to. Using the compare chart will assist you in selecting the company to convert sterling (or your domestic currency) into that foreign currency and make the international payment to your overseas bank account. Alternatively, if you are returning from abroad, they can help you transfer money back in to your funds.

Migrating / Need to exchange money ?

Migrating to another country is a big undertaking with many important things to organise. Transferring your money is one of the things on the "to-do" list but chances are you're too busy to monitor exchange rate movements or research who can give you the best rate. Maximising the proceeds of your exchange currency and will give you a great start in your new country and you can only achieve this with a competitive rates and good advice.