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Depending on how you purchase your French
house , you may need to exchange large
amounts of foreign currency.
Purchasing foreign
currency can be a complicated process. There
is the interbank rate (rate at which banks buy
currency from each other), commission (charge
taken by banks to organise the currency transfer)
and the actual rate at which you will purchase
the euros.
"Whatever the currency, using your
traditional bank will mean loosing up to 9%
on your French house purchase"
Banks and currency
brokers make their profit in the margin
between the interbank rate and the rate you
purchase the currency - And this is where there
is a massive difference between banks and brokers.
A highstreet bank will offer a rate with around
5-9% off interbank.
Example:
Interbank: 1 GBP = 1.50€
In practice: 1GBP = 1.425€
Currency brokers tend to work on a 1% scenario,
saving you on average 4% i.e £8000
on a £200k property purchase.
What to do?
FocusFrance.com has teamed up with FindCurrency.com,
an independent broker specialized in comparing
foreign currency brokers to offer not only the
best foreign exchange rates but also a quality
and efficient service during all your French
house transactions.
Click
here to get your free quote
How can I transport my personnal belongings
to France?
Buying a French house means
finding a property, financing the property,
but also furnishing the property. But just how
can you transport your personal belongings from
the UK to France?
By air, by land, by sea, there a quite a few
options and quite a few companies that actually
deal with these kinds of requirements. We believe
the best thing to do is consult a shipping broker.
You’ll find a list of Shipping/Removal
brokers below:
FindShipping.co.uk
If you are renovating a French house, for example,
it could also be an opportunity to purchase
your kitchen and/or bathroom in the UK (cheaper
in the UK “for once”) and have the
products exported to your new French home.
Click
here to get your free quote
UK
Storage
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