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| Buying Property Abroad |
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If you are buying a property overseas, whether as a permanent residence, holiday home, retirement home or simply as an investment, it is likely that you will have to pay for your purchase in a foreign currency.
Given the sums of money involved in a property transaction (as well as the associated additional costs), you will no doubt want to save money wherever possible. You will also want to ensure that the price you pay for your property does not increase due to an adverse exchange rate movement. |
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a) Buying without a Mortgage |
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If you are buying a property without financing it, you will need to change your sterlings into the appropriate foreign currency. Once your property purchase price has been agreed, you can reserve your currency with MoneyOne at a guaranteed exchange rate, allowing you to have total peace of mind, and focus on the more enjoyable aspects of buying abroad. |
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b) Buying Off-Plan |
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If you are buying, and your property is part of a new development, you will probably need to make a number of “staged payments”, with the final payment due upon completion. This can entail risk, since the exchange rate is likely to fluctuate considerably during this period. We can help you avoid this risk by fixing a guaranteed exchange rate for your various stage payments in advance.
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c) Mortgage Payments |
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If you have regular currency payments to make (e.g. overseas mortgage payments or pension payments), we can help you with our regular payment plan.
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