Tuesday 6 January 2015

So... you've seen the Ideal House in Brittany or Normandy...

Searching for a house in another country, especially such an accessible one as France where the bargains in Normandy and Brittany are abundant (other French regions are available) is probably the most invigorating non-Olympic event you can get involved in! But, whilst enjoying the undoubted excitement of the viewing and choosing process, you may be forgiven for not having given excess thought on what until that point could be regarded as the 'boring' bits... The Funding (mortgage etc., - if required)  and the essential Foreign Currency Exchange process. Admittedly it's something best considered BEFORE you have been seriously smitten and before the agent has seen the whites of your eyes... but these elements form an essential part of the buying process and it would be wise to have your financial ducks in a row before committing to probably one of the most important decisions in your adult life....

Don't do a 'Dave'!
David B (the names have been changed to protect the hapless and the 'innocent') exchanged his funds for purchasing his house in France using his High Street bank. Only after his purchase did he realise that doing so had cost him £9,000 more than was necessary. He was incandescent (well you would be) - But it was too late. He even considered suing them - but that would have just been throwing good money after bad. It's a story that is told and re-told everywhere in our business... One that Dave will certainly never forget a very sobering thought. It all comes under the heading of 'Caveat Emptor' (let the buyer beware).
A dedicated Foreign Currency Exchange specialist could have offered a better informed (and much more economic) choice...and save you (and Dave) between £3,000 & £4,000 on every £100,000k!!

Have a look at our Currency Exchange page to see those we think can best guide you through the maze that is currency exchange...

Currency Exchange you can hang your hat on!

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