Currency

Saving money on your overseas property

When purchasing a home overseas you will need to think about how you will make the payments on your new property. As you may be aware, exchange rates fluctuate on a daily basis, and this can have a dramatic effect on the amount you will have to pay.

Given the sums of money involved in a property transaction and the associated costs, you will no doubt want to save money wherever possible. You will also want to ensure that the price that you pay for your property does not increase due to an adverse exchange rate movement.

The facts speak for themselves

In June 2006 an Azahar Dream Homes client agreed a purchase on the Costa Azahar with the developer for €180,000 for her dream home. The client approached her UK high street bank for a quotation on the funds needed to be changed into euros and forwarded to her new bank account in Spain.

The bank, where the client had been a good customer for 30 years, offered her an exchange rate of 1.39 to bring the amount to £129,496. Azahar Dream Homes introduced the client to a leading foreign exchange specialist, who offered a rate of 1.44 to achieve an amount of £125,000, a staggering difference of £4,496.

PS. The client in the above case study was so delighted with her savings of £4,496 she bought a new car in Spain!

At Azahar Dream Homes we understand the importance of getting value for money, and we recommend Moneycorp® who are one of the largest specialist foreign exchange specialists in the UK, and have been trading currency since 1979. In 2006, Moneycorp® transacted over 7 billion pounds sterling on behalf of its clients.

Moneycorp can help your money go further!

We wanted to let you know that through our exclusive partnership with Moneycorp, you are now able to open a Foreign Exchange Trading Facility completely online.

Moneycorp are able to assist you with all of your overseas payments and offer a full range of specialised foreign exchange services.

Once you open a trading facility (which is cost and obligation free), you can take advantage of the following benefits:

• The most competitive exchange rates available (Generally between 2 - 5% better than the High Street Banks).
• No receiving bank fees or commission charges on any transaction, guaranteed.
• A personal, proactive service with your own Private Client Dealer who will answer any questions that you have and provide market guidance.

• Same day international transfers through the Swift Banking Network.
• Extended office hours, they are open between 7:30am - 10:30pm Mon - Fri and 10:00am - 4:00pm Sat.
• The Moneycorp Privilege Card entitling you to buy and sell currencies commission-free at any of their retail branches, and also to receive a 1% improvement in the rate of exchange at their airport locations.
• Peace of mind in dealing with a company that has been trading foreign currency since 1979, has been certified to ISO 9000 Quality Assurance since 1996 and last year transacted over £7.5 billion on behalf of its clients.

Moneycorp offers a very straightforward, efficient and cost effective service.

Exchanging and transferring money is an easy three-step process:

• Open a trading facility
  To 0pen a 'Trading Facility’ with Moneycorp please click here. This will allow you to register completely online.

  Alternatively please ‘Request a callback’, or call their London office directly on: +44 (0)20 7589 3000

  (If calling in please make sure you mention Azahar Dream Homes to get the best rate available).

• Book an exchange rate
  once a trading facility has been set up, a dealer will call you and discuss your individual requirements with you. Trades are booked with your dealer over the telephone.
• Transfer your funds
  dependent on the date you require your currency.