When purchasing a property overseas you will need to transfer money. Whilst the natural inclination is to go to your local High Street bank to transfer funds abroad, this is usually a fairly expensive way of doing it. Exchange rates and commissions provided by high street banks are significantly less favourable than those typically offered by specialist foreign exchange brokers.

We therefore recommend you use the services of a broker of which there are a number of and fairly similar. We use Foreign Currency Direct. Rates arranged through FCD are at the most competitive, and their service is fast and efficient.

An estimate of the typical savings using a specialist broker over high street bank are usually in the region of 1 to 2%, or £1,000 to £2,000 for every £100,000 transferred.

To transfer money via FCD contact: Stephen Hughes on (UK) 0800 328 5884 (ABROAD) 0044 1494 725 353 or just click on the euro coin below to go straight to their web site.