With normal conveyancing periods of 2 months or more and
the construction of new build properties taking anything
op to 18 months and beyond, a simple, information led
foreign exchange service can take much of the confusion
and worry out of buying overseas.
Unfortunately, the banks will offer you limited choice.
More often than not, they will simply advise you to buy
your currency on the day that you need to transfer
money. Not only is the exchange rate likely to be
uncompetitive but you will also have missed out on any
opportunities that the markets may have presented. You
may also suffer added expense if the exchange rate has
moved against you.
Fortunately, more timely and readily available
information flows, a single dedicated specialist point
of contact, 24 hour exchange rate monitoring and simple
solutions to achieve better rates of exchange are now
not only the preserve of ‘blue chip’ organisations.
The process of buying a property in
Bulgaria can be daunting enough without the added
problems of foreign exchange. Tho help you through this
potential minefield, Sterling Exchange offers an easy to
use, free service that really does make foreign exchange
simple!
Sterling Exchange
can ease the process for both private individuals and
corporate clients. With their dedicated and experienced
staff, Sterling Exchange can help save you time and
money when it comes to your next foreign exchange
transaction.
Overlooking the
dangers of foreign exchange can be a costly experience
as this example shows.
A property costing
250, 000 Euros, purchased on the 24 June 2005 would gave
cost £165, 175. However the same 250,000 Euros purchased
on the 21 July 2005, less than one month later, would
have cost £174, 775 – a difference of £9,600
Had the buyer
contacted Sterling Exchange they could gave fixed the
rate and saved themselves over 9,000 British Pounds. Add
this to bank transfer fees, commission charges and
possible receipt fees, you may find your dream home gas
been pushed out of reach......
Organising your foreign exchange transaction with
Sterling Exchange could not be easier- just follow the
three step process.
-
Open an account
– all you need is a passport or photo driving license
and proof of address as a utility bill.
-
Discuss your
needs with your dedicated currency plann your planer
will be your main point of contact. They offer up to
the minute information on exchange rates and will be
able to help with all aspects of your transaction.
-
Purchase your
currency and make your transfer – using specialist
financial tools Sterling Exchange will arrange the
purchase and transfer of foreign currency to any
place free of charge
-
Sterling Exchange
will provide peace of mind confidence by simplifying
the compex world of fon exchange with a transparent,
free service, available hours a day.
