Why choose to use a Currency Exchange company when buying in Portugal?
Why choose to use a Currency Exchange company when buying a property in the Algarve?
Although there are many companies providing a currency exchange service it is important to choose one that is fully regulated. Banks do provide an exchange service however they cannot compete with the specialist companies.
One such company which has been providing this service for our buyers over many years and who I personally use is GC Partners which is one of the UK’s largest foreign exchange companies. They transfer money overseas with no charges or fees, offering better exchange rates than many of the UK high street banks – helping you save money on international transfers.
GC Partners are HMRC and FCA regulated (FRN number 504346) and authorised, ensuring security of your funds at all times. So if you’re just starting out on your property search, be realistic about your Euro budget for the currency you have to spend and ensure you find the right property for the right price. This also helps us at Expat Property Finders, as if we know what’s possible then we can look at finding you the perfect property that doesn’t break the bank! It’s not just UK buyers they can help, indeed, they can help clients worldwide to transfer their funds from their local currency.
Similarly if you are thinking about repatriating your money they can help you, it’s not just a service for property buyers but property sellers too.
Although UK regulated and registered, GC Partners have a local office and Emma Bullock who I have personally known for 20 years to be efficient and very supportive to clients would be delighted to meet you while you are here viewing properties. If you would like to register with Emma please click here. Registration is completely free and does not obligate you to use their service.
Once registered they will be able to monitor and give you exact rates, with the market as volatile as it is at the moment this could be very useful. You can also purchase your money ahead of completion simply by agreeing the rate and paying a deposit. Ultimately their goal is to help make the process of transferring funds abroad as stress-free as possible.