When buying currency the most important thing is to make sure you receive a competitive rate.
Typically individuals will use their own banks to transfer money overseas and many do not realise that there are cheaper options such as utilising a specialist currency broker.
When buying a home overseas often there will be multiple payments to make over a period of time and again a currency broker can explain how forward contracts work which allow you to fix exchange rates for a future date in time.
This is extremely useful and will give you peace of mind so that you know exactly how much your property will cost you in Sterling early on in the process.
With Sterling Euro exchange rates having moved so much already during 2015 owing to many factors a forward contract allows you to limit your exposure.
With over twelve years experience in the industry I am more than happy to explain this in more detail. Therefore, if you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian [email protected]