With the international marketplace we find ourselves in today, more and more UK property purchases are or can be purchased using privately-held foreign currency funds.

No matter where these funds have originated from, there is a sometimes a compelling reason to use this available money due to the somewhat weak value of the pound compared with some of the major currencies nowadays held in offshore or domestic accounts.

The benefit of using foreign funds is that even though the GBP cost of a UK house will not change, other than through negotiations, the cost of buying an amount of GBP with, for example Euros, might well alter and thus the amount of your overall spent is reduced. This, of course, can work against you and the price can rise.

However, this model can only work if you are able to obtain a very competitive exchange rate at the time the market moves in your favour. An alarming number of people will still go to their respective banks for exchanging such funds, and even those banking with some of the exclusive private banks, will be over charged when the exchange takes place.

Where we can help is twofold.

Firstly, we can offer a far better exchange rate than other foreign exchange providers, especially banks.

Secondly, we can be your eyes and ears on the market and make sure that everything is in place to benefit from a positive swing in the value of the currency you are spending.

The exchange rate savings we can make can be anything up to 2-3% of the value of the property and by taking on board a currency swing of 1-2%, your chosen property suddenly becomes cheaper…at least by the amount you might be paying in fees, if you are selling as well.

Having 20 years’ experience of buying and selling property for clients all over the world, we have seen great benefits from positive currency market movements when clients have been able to move quickly and fix a price on the required funds.

We are here to make sure they have a full understanding of the currency market, the different contracts available and the chance to be as profitable as possible.

So if you are looking to purchase a property in the UK with foreign funds, or for that matter a property overseas, then please do give us a call today and see how we can help.