There are many ways such as internet, holiday and overseas property buying magazines and of course our TEAM at Gold Acre Estates are always on hand to point you in the right direction.
You will find links on our web site to a number of the largest Currency Exchange Companies within the United Kingdom today, who are always on hand to offer you no obligation advice.
TRAVELEX
MONEYCORP
HIFX PLC
Are all available to discuss and advise the best way to arrange your overseas currency transfers many offering savings such as no receiving charges.
Other sources to find alternative companies are magazines that are published in the UK that specialize in overseas property purchase such as Canary Islands Property, Homes Overseas, Spanish, Homes Worldwide, Homes in Gran Canaria, Oversea Property, BuyIN Gran Canaria and many more, you will find that many international currency companies advertise in these types of publications.
An example of how important currency rates and fluctuations can affect your purchase is outlined below.
Lets say you buy a property for €150,000 Euros and today you are quoted a an exchange rate of 1.45 to £1 sterling this means that your property would cost you £103,448.27 sterling, but you think to yourself I do not need to do anything about that today as my completion is not for another eight weeks.
6 weeks later you find the rate has dropped to1.40 to £1 sterling your €150,000 euros will now cost you £107,142.87 sterling, that’s a difference of £3,694.60 sterling extra that you would have to pay for the same amount of euros.
That is why getting it right is so important and Specialist Currency Advice is not only necessary but fundamental when purchasing a property in Gran Canaria.
For a little free advice on vital information on trends of how Sterling or the Euro is moving short, medium to long term, all it costs is the price of a phone call…