UK residents have lost £2 billion in just changing
currency to buy homes abroad.
Foreign Currency Direct highlights how 550,000 Britons with second
homes abroad have lost £1,830,840,000 on bank exchange rates.
There is a great difference between exchange rates that high street have and those provided by specialist currency providers.
People spending €100,000 to buy a home can save £2,774 by opting for a specialist service, instead of changing money at a high-street bank, Foreign Currency Direct affirms.
This means a 4% saving on the asking price of a house.
Buying abroad is a crucial life changing event. Buyers need to consider the impact of exchange rates on property cost they are buying.
Uncompetitive bank rate mean people pay more than they ought to. So shop around and find a specialist currency provider.
