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Buying with foreign Currency
Buying a property, either in the UK or abroad, is a big decision. If you are buying property overseas, whether as an investment, a holiday home or as part of a permanent relocation plan, you will probably have to pay for it using foreign currency. Using the expertise of an international foreign exchange and payments specialist, can offer considerable benefits to you and save you possibly many thousands of pounds both on any lump sum transactions and over time with regular monthly payments such as mortgage payments.
The cost of buying property overseas can be higher than in the UK; you may have to pay estate agent fees, for example, and higher legal fees. So it is even more important that you get the maximum amount of foreign currency possible. You will also want to protect your money against possible adverse exchange rate movements, which may mean that your home currency will buy less foreign currency.
There are many opportunities to benefit from competitive pricing when buying overseas, so it is important to maximise your saving at every opportunity.
Whether you are purchasing a car, a boat, property in another country, or anything at all for that matter, you will probably need to pay in a foreign currency. The most efficient way to buy and send the foreign currency that you need is to use a currency specialist for your transfer(s). XL Mortgages only work with international foreign exchange and payments specialist and that is why we are pleased to introduce to you Moneycorp.
Using Moneycorp to handle your international foreign exchange and payment requirements will benefit you in the following ways:
- You will be able to protect yourself from adverse currency movements and can be confident of meeting your purchase commitment with no shortfall
- Moneycorp use the most reliable international payment method available, ensuring that your funds are transferred as quickly and securely as possible.
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Regular payment plans
If you need to make regular payments in another currency, such as monthly repayments on a mortgage, Moneycorp can assist you to arrange it via a Regular Payment Plan. This plan removes the inconvenience of arranging individual monthly transfers through your bank. Set it up once by Direct Debit and receive foreign currency in your destination bank account every month.
Bank receipt charges eliminated
Moneycorp currently guarantee that you will not pay any receiving charges when making international payments.
Receiving charges are charges deducted from your funds before arrival in the beneficiary account. Moneycorp currently guarantee that they absorb all these fees when making your international payment regardless of the transaction size or which bank is involved.
How do you apply
Its all very simple. All you need to do is complete a one page form to set up an trading account with Moneycorp. There is no cost to do this which allows you trade immediately when the time is right.
Please click the link below. You will find the ability to set up your free trading account with Moneycorp and also more information on Moneycorp and the services they can provide you.
Free Moneycorp trading account
Alternatively you can email us directly to set up the account on info@xlmortgages.com If you just require more information please complete the contact form and we will be in touch with you immediately to assist.
For XL Mortgages clients, in order to make a credit card payment please click on the link below and follow the few simple steps. Any questions or problems please contact us immedaitely.
XL Mortgage Credit card payment
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