Currency Solutions
Choosing the Right Partners.
Choose, Reserve, Save! Simple.
At New Homes Overseas we work with A Place in the Sun Currency. Widely recognised from their television show, magazine and overseas property exhibitions, A Place in the Sun Currency are also one of the leading specialists in the currency exchange industry, passing on some of the most competitive rates available directly to our clients.
An often overlooked element of buying a property abroad is the conversion of your funds to euro’s. Clients often (wrongly) assume that the method or intermediary doesn’t matter but in reality, using a specialist currency service can save upto 4% on a transaction when compared to a bank. That may not sound like a lot but on a €200,000 property purchase, it can mean a saving to you of €8,000!
If you were to skip your research and arrange the transfer directly through your bank, you could end up paying way over the odds in fees and poor exchange rates, without ever realising just how much you’ve lost.
How To Get The Best Deal
High-street banks typically don’t have departments focused on helping people purchase properties abroad - so specialist currency exchange firms have sprung-up to fill that gap, providing expert advice and helping you make savings when you pay for your property. There are a number of important benefits when you work with a specialist firm rather than your high-street bank:
Better Exchange Rates
A currency exchange specialist can save you up to 4% on a transaction, simply by offering better rates of exchange than a bank can. 4% might not sound like a huge amount, but when talking about a £200,000 transfer for a property, it’s a saving of up to £8,000.
Support & Expertise
Currency specialists are experts in how to handle international payments effectively and minimise risks. A high-street bank handles a variety of different services and has no expertise on the overseas property buying process. Once registered with your specialist you’d be assigned your own personal trader who you’d speak to each time, and they are on hand to provide support throughout the buying process.
Lower Fees
The average high street bank charges a fee for each transaction they make for you, no matter how much you are transferring. Currency specialists typically don’t charge a fee on transactions over a certain value, so are able to save you money that way. In many cases, foreign banks can also charge a fee to receive funds from abroad – which can be a nasty surprise. But a currency specialist can help you avoid or minimise these fees too.
Budgeting
Currency specialists are able to provide support as you budget for your property purchase. They can help make sure you are using a realistic, achievable rate of exchange to budget with from the start, rather than using an incorrect rate. Contacting a currency specialist during your early stages of planning will ensure that you have your budget right before you start taking viewing trips.
How Does it Work?
Open an Account
Opening an account is quick, free and comes with no obligation to transfer money.
Get a Quote
Make a quick call to see how far your money will go and the kind of rate that can be secured for you
Instruct Your Trade
If you are happy and ready to go ahead, simply instruct them to secure the rate, for either immediate payment or fixed for a future date.
Make Payment
Your money will then be sent wherever it needs to be…
And that’s it!
Buying Safely
When buying a property abroad, the funds that are being used will be your hard earned money, pension or even your whole life-savings. The safety and protection of your funds is the most important thing, so here are our key tips on research to do:
● Make sure you choose a specialist who are authorised by the Financial Conduct Authority (FCA).
● Go with a specialist that uses safeguarded & segregated bank accounts. In short, this ensures
that your money is looked after correctly according to the Payment Services Regulations, separately to the business’ own funds – safeguarded funds are legally protected no matter what happens.
● Find out how long the company has been around – what experience do they have in helping
overseas property buyers? Check reviews online, and most importantly, call them for a chat and
get an idea of the people you will be dealing with.
Can You Secure a Rate in Advance? Using Forward Contracts
As the exchange rate rises and falls every day, it can be tricky to budget accurately. If you want to lock-in a rate at the time you commit to purchase, so there are no surprises when you come to make the final payment, you can use a mechanism called a “Forward Contract”. This allows you to secure the rate you’re happy with in advance.
As an example, let’s say you agreed to purchase a property for €200,000 in February 2020 for completion that May.
On the 18th Feb 2020 when the rate was £1 / €1.20 you would have worked out the sterling price as £166,666.
Three months later, when the rate had dropped down to £1 / €1.11 the completion payment would actually have cost £180,180.
A saving of £13,514 could have been made if a forward contract had been used to lock in February’s higher exchange rate.
This measure allows you to be able to budget to the exact penny, just as you can when you are buying a UK property.
What About After the Purchase?
A currency specialist can continue to help you even once you have completed on your property. You can set up a regular payment plan, which can be used to automatically send funds to your foreign bank account regularly for bills or to cover mortgage payments. If you wanted to be really clever, you can even set up a forward contract on your regular payments, which would ensure that you know exactly how much money you are transferring every month and would allow you to budget meticulously.
For a free, no-obligation call to discuss your currency requirements, please complete the form below. An independent currency advisor will then be in touch to see how they can help.
Would you like to speak to a currency specialist?
Whatever you need, we're here to help.
● Ready to book a visit?
● Need to know more about the ‘YouSave’ deal?
● Ready reserve your dream home?
● Like to discuss an alternative ‘YouSave’ deal?
Whatever your question, please complete your details on the form opposite and we’ll get right back to you…
Save upto €25,000 with our exclusive 'You Save' deal.
● No catches.
● No clever gimmicks.
● No sales tricks.
● No hidden agenda.
● No sneaky loopholes.
Just HUGE savings direct to you!
Choose, Reserve, Save! Simple.
Testimonials
Don't believe us when we say we're great - listen to those who have already taken the journey with us...
I’ve been asked to write a short reference regarding my recent experiences with Homes Overseas with regard to recent purchase of my new Spanish Property
That’s easy: “simply BRILLIANT”!
I would say I’d definitely 100% recommend them to others but it’s too late - I already have! & now two of my good friends are also lucky enough to be living their dream in Spain...
Read more...
Read more...
The service we received from Home Overseas was first class, everything explained step by step in layman’s terms by friendly well informed staff from beginning to end by Shelley and Matt.
We were selling and purchasing so it was an intricate time for us everything had to be timed with military precision. We felt reassured by the professionalism and genuine care the company offered...
Read more...
Read more...
Matt was recommended to us by a friend that had already purchased their dream property with his help a year earlier. From first telephone contact to completion of our purchase Matt was always available to answer questions and support us through the process. He was able to show us numerous properties based on our preferred criteria and budget. Nothing was ever too much trouble..
Read more...
Read more...
We would like to thank Jane & Matt for being patient with us and also taking the time to listen to what we were looking for and being honest enough to re-align expectations, offering their opinion once they knew what we wanted.
Big thank you to the whole Team for helping me with locations in Spain that suited me best for my needs and to Matt for arranging all the viewings. It was relaxed and exciting and I could not of bought my perfect home in the best location if it wasn't for these two at 'New Homes Overseas'. Very professional and would highly recommend.
Thank you to Matt for all his help in finding our dream place in the sun!
We have a Spanish property already so knew some of the area, but Matt was great at understanding what we were after and found us some lovely homes to look at.
We found Matt really helpful from the start, he helped us think about different properties and visualise new builds.
Not only was he helpful taking us around different areas...
Read more...
Read more...
We bought our dream home thanks to Matt and Jayne from New Homes Overseas. Jayne was our first point of contact and was very informative and helpful from the get go.
We then met Matt when we went to Spain for the actual viewings and he was with us every step of the way, he listened to what we wanted and more importantly what we didn't want. In the four days we were there he organised...
Read more...
Read more...
For many years it has been our dream to purchase a home in Spain. We were unsure which region to head for and having visited Costa Blanca many years ago on a viewing trip, we decided to have another look at the area.
We arranged a trip with Matt and flew into Murcia airport to meet him. Well, from the moment we met we talked non stop. We had already communicated our requirements...
Read more...
Read more...
A big thank you to 'Homes Overseas' for helping us to find our new home in the sun. As complete novices to buying in Spain, they walked us through everything from the legal side of things, the pros and cons of various areas, solicitors, banks, the works! Nothing was too much trouble and I have to say that sentiment has also continued long after the purchase of our house. Whenever we need any help or...
Read more...
Read more...
t started with a phone call….. and ended with a beautiful villa in San Miguel de Salinas!!
Where to start? Having worked in the travel industry myself previously for 18 years I read reviews all the time and think, that’s great marketing but I wonder how true that is?
Well wonder no more about Homes Overseas, because you really do get the real deal! Outstanding from the very start right to the end…..
Read more...
Read more...
I recently purchased a Spanish property in the Lomas De Cabo Roig area of Costa Blanca, we did this through 'Homes Overseas' with Matthew Austin. I have to say it was a journey! But Matthew steered us along very professionally, he was at all times jovial and fun to be around, nothing was too much trouble.
I would highly recommend him to anyone wanting to buy a house in Spain.
After booking appointments with various estate agents on mainland Spain, we were contacted by Jane who pointed us in the right direction and said that a gentleman called Matt would contact us which he did.
We met up in Torrevieja and we spent 2 days in his company who informed us of the process and what would happen along the way, the first day he kindly took us around the different areas that we were...
Read more...
Read more...
The best experience we had by far when we purchased our holiday home in Cabo Roig.
We didn't know where to start and what to look for, we originally went with another estate agent in Spain what turned out to be the worst decision of our search for a property abroad. Just as we were leaving Malaga airport we found Homes-Overseas, we rang them and spoke to Jane who was very helpful. Within a few...
Read more...
Read more...
I started dealing with Jane initially and we were all over the place about what we wanted and where we would like to be. We had an offer on our property in the UK and were so excited we booked the flights and accommodation to go and take a look around with these guys. Sadly our house sale fell through and although we were very upset Jane was so understanding and supportive with us. We agreed to...
Read more...
Read more...
From the first telephone contact to the final purchase of our properties we cannot fault the New Homes Overseas Team. From the very beginning we were reassured and advised by Jane who was our phone contact until we arrived in Spain. Jane was very personable and efficient and put us at ease with every step.
We were contacted before our visit to ascertain our exact needs and then arranged property...
Read more...
Read more...
We’d been looking for a property in Spain for around 6 months but with no joy with other agents, we came into contact with Matt who suggested we went out to Spain to get a feel for the area (this was not something we were offered from other agents). We landed on a Friday morning and were greeted by Matt at the airport who gave us a tour of the local areas, beaches and tourist attractions which...
Read more...
Read more...
Me and my husband Mark met Matt and found him extremely approachable and friendly. We looked at a few property's and fell in love with one of them. He had listened to what we wanted in our holiday home and found one for us which was perfect.
If Matt hadn't helped us with our daunting task we never would have found the right property - he helped us with every aspect from start to finish and...
Read more...
Read more...
I cannot recommend Homes Overseas enough! Matt worked tirelessly to find us our ideal property in Spain and it took a while as I am quite fussy!! We now have a fantastic holiday home to enjoy. Matt organised everything to do with the legal side of the purchase and has some great contacts to get things done! He made us feel at ease throughout the whole process and kept us informed all the way through...
Read more...
Read more...
I first approached ‘Homes Overseas’ in mid 2017 enquiring about a house Villamartin. I had a very informative conversation with Jane who explained the process of buying in Spain and how they worked as a company.
I decided at the time that we would wait until after Christmas to look again so we could raise some more funds, but things changed and after speaking with Jane again, booked a trip...
Read more....
Read more....
Would you like to speak to an overseas expert?
Whether you'd like to discuss your options, learn more about our exclusive 'YouSave' deal or reserve your new home in the Sun, please click below for a callback.
