Which service do I need?

Great – you might want to wait for an offer to be accepted before securing any currency, but let’s look a little further at products that might be suitable for you.

Great – it’s time to look at securing a rate for your deposit, and thinking about your future payments for completion.

Good news – you can get the best available rate with a ‘SPOT’ contract for immediate settlement, whenever you choose to. You will want to keep a close eye on exchange rates over the next .

You might also like to consider splitting the completion amount into a few smaller amounts, to even out the exchange rate over that time.

Good news – you can get the best available rate with a ‘SPOT’ contract for immediate settlement, whenever you choose to.

If you’re not worried about the exchange rate falling, you might leave this until nearer the completion date – but remember that a 5% drop in exchange rates over the next would cost you around £ more than now.

If the rate goes up by 5%, that’s the amount that your cost would reduce by.

You might want to use a ‘SPOT’ contract for immediate settlement for your deposit payment, and a ‘FORWARD’ contract to fix a rate for your completion payment at the same time.

A 5% drop in exchange rates over the next would make your completion payment around £ more than now – but you can make sure you are protected by fixing a rate in advance.

Of course, if the rate goes up, you will be better off not fixing your rate, but by doing so, you are ensuring that your property price is fixed in Pounds, whatever the market does between now and ’s time.

You might also like to consider splitting your completion amount into smaller amounts, and fixing a rate for each amount over the next , with several ‘FORWARD’ contracts.

Of course, if the rate goes up, you will be better off not fixing your rate, but by doing so, you are ensuring that your property price is fixed in Pounds, whatever the market does between now and ’s time.

If you’re not worried about the exchange rate falling, you might leave your completion payment until nearer the final date – but remember that a 5% drop in exchange rates over the next would increase the cost by around £.

If the rate goes up by 5%, that’s the amount that your cost would reduce by.

When you do decide to buy some currency, you could use a ‘FORWARD’ contract to fix a rate for your completion, or a ‘SPOT’ contract if all your funds are available by then – so keep an eye on what’s happening with rates between now and then.

If you are taking an overseas mortgage to fund your completion payment, you won’t need to worry about exchange rates for that part of your purchase.

For your deposit however, you can get the best available rate with a ‘SPOT’ contract for immediate settlement, whenever you choose to.

You might also be interested in our ‘REGULAR PAYMENT PLAN’ for monthly payments to cover your overseas mortgage.

Everybody’s circumstances are different and this tool is a guide to help you understand the implications of buying your currency at different times.

For a full review of your own situation, we offer a personal account manager to discuss your individual requirements and help you decide how to buy your currency to achieve the best possible outcomes. Please confirm you are happy to receive a phone call by ticking the box below.