Overseas property and mortgage payments

Are you looking to buy a home overseas to start a new life or perhaps to buy a holiday home? Whether you are relocating or buying a retreat property it is likely that you will need to make overseas mortgage payments, so it will be important that you choose a currency provider who can offer you a highly competitive exchange rate and will be able to plan for payments in the future which will protect you from fluctuations in the market.

With RationalFX you can make a forward time option that will allow you to fix a favourable exchange rate for up to two years, which is an ideal solution when it comes to managing regular mortgage payments.

With the current average value for an overseas property around GBP90,000, EUR100,000 or USD 150,000, it is worth considering your options, as making your international payments through a bank could result in the transfer costing you as much as GBP2500, EUR2750 or USD4000 on top of any transfer fees due to a poor exchange rate being offered.

It is also worth noting that RationalFX charge no transfer fees, which we are able to do as we buy foreign currency at wholesale prices and pass on these prices to overseas property buyers. We guarantee to beat any bank and are confident that you won't get better exchange rate elsewhere.

Fix your exchange rate for up to 2 years ahead

If you will be making a one off full payment for your property then exchange rate fluctuation in the future will not be a worry, however, these fluctuations could significantly affect the majority of people, who will be taking out a mortgage or buying off-plan.  Making a forward time option is ideal when you need to make regular mortgage payments as you can book your foreign exchange in advance for up to 2 years at an agreed exchange rate.

Just think no exchange rate risk for up to two years!

Stop/limit orders - Take advantage of FX movements, cover yourself for the worst!

We all know that currencies fluctuate, but trying to guess the FX market can be enormously risky!  By using stop and limit orders, you can arrange automated currency trades which will enable you to take advantage of market fluctuations and get a better exchange rate if one becomes available or to protect yourself from rate drops down to a specific level.

Why not talk your currency requirements through with one of our experienced dealers now by calling +44 (0) 20 7220 8181 or use our contact form