t the Foremost Currency Group we can save you money when buying your overseas property, transferring money from Spain to the UK after the sale of a property or receiving your regular monthly pension whilst abroad. As foreign exchange specialists we understand the currency markets and consistently achieve better exchange rates than the UK High Street banks.
Recommendation by Sunset Properties Spain
Services offered by the Foremost Currency Group
Services for Buyers
Purchasing a property abroad means you will usually need to convert your savings into a foreign currency. The natural inclination is to purchase your currency through your bank; however this is usually a very expensive way of doing it. The exchange rates banks offer are generally not competitive and a specialist currency broker can achieve rates that are up to 5% better.
When converting large sums even a fractional difference in the rate can have a huge impact on the total cost so the rate you get is extremely important. You could save thousands of pounds by simply avoiding your bank and using a specialist exchange company such as the Foremost Currency Group. In addition to consistently achieving better exchange rates than the banks, Foremost Currency understand the currency markets in detail and can discuss your requirements providing you with information to help you decide when to convert your funds. Timing is important and buying at the right time, and knowing the options open to you, can make a huge difference.
If you are considering buying a property abroad, take the time to have a free consultation with the Foremost Currency Group. Make an informed decision on when to fix your rate and which type of contract is right for you. Most importantly, you will benefit from commercial exchange rates that could save you a lot of money compared to simply using your bank.
Services for Sellers
If you are considering selling your overseas property, the Forward Contract can help you take advantage of current exchange rates and you can fix the price now for a transaction that will take place up to two years in the future. You secure the Forward Contract with a deposit of 10% of the total value of your transaction (you need to pay this within two working days of agreeing the contract) and then pay the balance before the contract expires. Once secured, the agreed exchange rate will apply for the duration of the contract.
Services for Pensioners
For persons living abroad who are in receipt of a regular pension, you will find that using the Foremost Currency Group is a lot cheaper than going through your bank. If you transfer €1,000 per month through Foremost, over ten years you could save nearly £9,000. Our Overseas Regular Payment Plan (ORPP) is a stress free way of sending funds around the world and is ideally suited to those on a regular pension income.
As with all of our currency transfer services, you won't pay any commission and you will benefit from the very best in personal service and exchange rates. All you have to do is set up a standing order and the Foremost Currency Group will take care of your payments ensuring that funds are transmitted via priority telegraphic transfer – all this without you having to visit your bank.