If you are buying a property overseas, whether as an investment, holiday or retirement home, or to live permanently, it is likely that you will have to pay for your property in the foreign currency.

First Rate FX provide the security of the High Street banks, without the high fees. Did you know that using your regular bank means that you will commonly be charged up to 4% more on an average currency transaction than if you use First Rate FX?

This means that on a property purchase worth Euros 100,000 your FX transaction via the banks could cost you up to £3,032 more. Our rates of exchange are the most competitive in the market place and we do not charge commission or transaction fees.

For clients involved in international trades, First Rate FX’s Currency Specialists are on hand to provide the very best service in managing their exposure to the currency markets. By processing large volumes of trades, it can guarantee to quote the most competitive rates.

First Rate FX offer:

• Better exchange rates than your bank
• No hidden charges or fees
• Simple, straightforward service
• Rapid, fully insures transfers

For more information please contact:
Chris Canning
chrisc@firstratefx.com
Tel: +44 (0)207 038 8075
Fax: +44 (0)207 038 8175

Moneycorp provides a Regular Payment Plan to assist those clients that need to make regular overseas payments. Such payments might include overseas mortgage payments or transfers of UK pension payments or any other regular transfers.

The Regular Payment Plan allows you to fix an exchange rate on regular overseas payments for a period of between 6 and 24 months, removing the worry caused by fluctuations in the exchange rate over that period of time. Moneycorp will deduct the payments from your account by Direct Debit each month and transfer your funds directly to the destination account of your nomination.

After booking an exchange rate with Moneycorp, you will need to transfer funds to their client account. The easiest and quickest way is by CHAPS of BACS. Bear in mind that any cheque will have to clear before funds can be sent. Once we have received your cleared funds, we will transfer your currency to the account of your choice.

The Interbank rate can readily be found on the Internet and on Ceefax. Moneycorp's website has live currency charts and you can also view historical exchange rates. Although a useful guide to current market levels, do bear in mind that unless you are trading millions of pounds on a regular basis, you will not receive the Interbank rate for your own transaction! For a live quote on the amount you are looking to exchange, it is best to call Moneycorp.

Moneycorp use Electronic Funds Transfer and can generally get the funds into the destination account a good deal quicker than a high street bank. We have a same-day transfer service to most European countries and North America, and next day for all other destinations. Bear in mind that there is sometimes a short delay in the receiving bank before your account is credited, this can usually be overcome with a "proof of payment" document that we can provide on request.