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Foreign Currency Exchange

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Free Advice On The Best Exchange Rates

TorFX - Currency ExchangeIf you are buying a property abroad, or need to make currency transfers, save money by looking further than your bank.
Every year, many thousands of people buy a second home abroad. As part of the purchase, a large currency transfer will be necessary. There may also be regular payments to be made for mortgage payments or living expenses. Most buyers use their bank to do this for them, often suffering excessive charges and poor exchange rates that can literally cost them thousands of pounds. Dealing with a bank can also be complicated and stressful at the best of times.
Currency exchange for buying property abroad

Overseas buyers are increasingly using the services of specialist currency brokers. Exchange rates are significantly better (often beating the major banks' rates by over 2%), and the currency transfers are usually free of charge, compared to the typical £25 transfer fee charged by the bank. On a transaction of £100,000, the savings can amount to over £2,000. Another major benefit of using a specialist is the expert advice they can offer, and a clear explanation of the process.

"Quite simply, our goal is to help our clients get the most currency for their money, while also providing a personal service that cannot be matched by high street banks", said Jon Beddell of TorFX.. "Whether you are buying abroad, or need to move your funds back to the UK , our service is simple, reliable, and our transfers are fast and secure."

TorFX also have qualified currency analysts on hand to advise on foreign exchange market trends and help tailor a solution specific to each client's requirements.

Case Study:

foreign exchange for overseas property

Cath and Dave bought a second home near Bordeaux . "Having retired last year, we wanted to spend more time abroad, and found a perfect property while on holiday in France.

When the time came to make our transfer, we assumed the bank was our only option, until our friend suggested giving TorFX a call.

The exchange rate they offered us beat the bank by over £2,500, which made all the difference to our budget. Hannah (our account manager) explained our options so clearly, and was very useful in guiding us through the process. Having never done this before, it was a relief to be able to speak to an expert."

Association of International Property Professionals

Cath and Dave now spend most of the year in France , and now use the TorFX Regular Overseas Payment Plan to send enough money to cover their monthly living expenses. "The regular payments scheme makes it easy to send money each month. We don't have to do anything, our payment is made by standing order and we always receive our Euros on the same day each month. This alone has saved us over £700 in transfer charges and commission over the last year".
To find out more contact TorFX on their FREE ADVICE line on 0800 612 9680, or request a FREE no-obligation quote by completing the form below.
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