Category: Personal

Unprecedented Times

If nothing else this pandemic has shown us how quickly the world economy can change. These are truly unprecedented times. People and businesses have had to change with it.

We have seen the leisure and tourism sectors decimated and with no end in sight who knows when they will be anywhere back to normal.

It would seem many companies will struggle to survive this and the cost to human life will never probably be truly known.

Companies large and small are having to look at ways of saving and making money in these unprecedented times.

More details on the effects of the pandemic on the economy can be found here.

As a service provider we can help on the saving side. Making sure our clients pay as little as possible for the service we provide.

We have always been here to work alongside our clients, through good and bad times.

And we intend to do that.

From a personal point of view, our business hasn’t been too badly affected.

Most of the time we work from a home office environment and our clients are spread around the world.

The most significant part for us though is overheads.

We do not run a large team.

We do not have expensive offices in the centre of London.

Our overheads are low which means we can still offer the same highly competitive rates of exchange. We do not have to factor in losses to make up for lost business and high monthly bills.

What we do offer though is

A bespoke service

Direct access to a dealer

An online platform

A full range of major currency pairs

A full range of financial tools for planning and timing of payments, such as Forward contracts.

Partnerships to work on tougher areas such as China.

We are here for the long haul, looking to build long lasting relationships without the need for expensive offices.

Feel free to contact us to see how we can help your business through these tough times.

To open an account with us please click on the following links:



Buying Property Overseas

Well Brexit is happening, it will, however, not stop thousands of Brits find a home overseas.

So some do’s and dont’s, most of these are common sense but you would be surprised.

Do use experts, regulated and authorised estate agents, a good lawyer who speaks English.

Do Not attempt to buy from a friend of a friend with no legal counsel.

Do your research, a great holiday destination does not always make for a new life and home.

Do Not cross your fingers and hope for the best.

Do plan ahead, make sure financially you can sustain the life you want to lead.

When you have found that dream home, one of the most important financial matters is often treated as a last minute chore.

Foreign Exchange.

It is very easy to ask your bank to do the transaction for you, but is it the best for you?

Ask yourself three questions.

Does my bank provide me with someone to discuss my needs, to help me plan the payments?

Does my bank provide me with a real live quote before I decide whether to trade?

Does my bank offer me a fixed rate that can cover a number of payments over a certain time?

I am guessing the answer to all 3 of these is no and yet many people still go ahead and do the trade with their bank.

Why? The normal answer is I can trust them and its easy to organise.

We are regulated and work through the same bank payment systems. It takes 10 minutes to sign up for an account with us and is usually live within a couple of hours. You then have your own dedicated dealer to discuss your requirements. They can give advice and offer live prices which you can either book or decline. You will always know exactly how much it will cost to buy your currency, no hidden fees or charges.

Another reason I have heard to use the bank, I have been a loyal client for 30 plus years I get a good rate.

On average we save our clients around 4%, doesn’t sound much but if you are sending over 200,000 Euros it will cost you an extra £8000 to buy that currency from your bank than from us.

We have just saved you enough to build a pool in the garden.

Another consideration, most people buying a property overseas pay an average 20% deposit and the rest at completion maybe 3 months later.

If you do this through your bank you will request 20% to be sent now and then in 3 months time the remaining 80%. What if the currency markets have moved against you in that time?

You could be seeing extra costs of £5000 plus just by the markets moving a little.

We are able to offer products that can help fix a price now to use in the future. Whatever happens in the time between deposit and final contract you know exactly how much your property is going to cost.

We are here to offer advice and help you save money on your dream home overseas, please feel free to contact us.

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