Save money on your purchase
Foreign exchange can be a headache when you're buying a foreign property, but it can also present a huge opportunity to save money on your purchase. Whether you are buying currency for immediate delivery, or fixing an exchange rate for a future transaction, the rate you end up with has a direct impact on the cost of your property. What many people don't realise, is that the banks usually charge between 3 and 5 percent on large currency transaction, not necessarily in commission (most banks claim to charge no commission) but by giving you a much worse exchange rate than is actually available if you buy direct from a currency broker.
Unlike many currency brokers who often operate from expensive city offices, one leading broker, TorFX, is based in Cornwall , which helps to keep overheads down and also means they are able to offer clients extremely competitive exchange rates. As well as buying or selling currency for individuals, TorFX is also a trusted currency provider to hundreds of companies throughout the UK . Direct access to the interbank currency markets and the scale of their operations (trading over $500,000,000 per year) means they always aim to offer the best available exchange rates, and an efficient and friendly service.
Mark Maffia, Director of www.whichwaytopay.com commented "We are delighted to have TorFX on board. Which Way to Pay are committed to giving our customers access to the best foreign exchange rates available – and TorFX are guaranteeing our customers a maximum margin of 0.7% over the interbank spot rate on all transfers above £5,000. This is the lowest margin guarantee in our Foreign Exchange Comparison table and gives our customers exceptional value for money"
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