Contact Us

Phone

+44 (0)1548 857009


Address

Britton House, Fore Street, Kingsbridge, Devon. TQ7 1NY


Email

info@southwestfx.co.uk

Is now the time to purchase that property abroad that you always wanted?

Tim Sheehan • Feb 25, 2022

From the back end of last year and the beginning of 2022, SW Foreign Exchange Ltd has seen a big rise in enquiries for those wishing to purchase properties abroad. We have seen clients from all over the UK come to us to assist in the buying and the selling of properties around the world.

The reason for their contact is that we can offer an overall service which could save them a lot of time and a value of between 2-3% on the price of their property. Very simply, we buy or sell currency on your behalf at a much more competitive rate than banks are willing to offer. We all know banks are impersonal, difficult to deal with, bad communicators and lack specific knowledge.


They certainly are not experts in this field…we are.


From Australia to Mallorca, from Hong Kong to London, from Tenerife to South Africa, people come to us to manage and handle the exchange of their foreign funds from and to any currency required. We also work with them strategically, introducing them to the intricacies of the FX market and being your ears and eyes on the market to make sure that everything is in place for you to benefit from a positive swing in the value of the currency you are spending.


More and more recently, with the increasing value of the pound and the restrictions due to COVID-19 being lifted, we have seen an upsurge in the enquiry level of properties being purchased in Europe and especially in the Alps. With the bonus of negative interest rates in Europe, currently at -0.5%, there are some good mortgage deals to get as well, some under 1% and for a fixed term.


If you are looking to purchase an overseas property, please do make contact sooner rather than later even if it is just at pipedream level. We can help you to assess what your budget, let say in GBP, will be against another other currency, so giving you an idea of what you can afford.


We will give you all the information you require on exchange rates, buying processes, any fees and costs, currency contracts, etc., without having to ‘register’ with us. You will deal with the same person from start to finish, with no passing you around from person to person to complete your transactions.


As many people have found out, we operate like no other company. Here’s just another satisfied customer purchasing an overseas property:


“South West Foreign Exchange made what could have been a complex transaction very easy. They saved us several thousand pounds with a very competitive exchange rate and everything happened on time. I would highly recommend the company and Tim for working closely with us.”


Call us today for a chat, nothing more, see what we can do for you.


By Tim Sheehan 18 Mar, 2024
Currency hedging is a risk management strategy used by investors and businesses to mitigate the potential losses or volatility stemming from fluctuations in currency exchange rates. It is particularly crucial for businesses or individuals engaged in international trade, investment, or any financial transactions involving multiple currencies.
By Tim Sheehan 27 Feb, 2024
We give private individuals the power to make foreign currency payments at far more favourable exchange rates than their bank or others are willing to offer. We hear about too many transfers being made through the individual’s bank for reasons of convenience and possibly lack of time but that only really results in increased cost and worse exchange rates.
By Tim Sheehan 23 Aug, 2023
With the last four months of the year approaching fast, and hopefully seeing positiveness coming out of the markets, why not start afresh in September and look more closely at your currency strategy?
More Posts
Share by: