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Informative Articles

7 Tips For Buying An Outdoor Fireplace
Before buying an outdoor fireplace, there are several factors to take into account. Always remember that the safety of your family and property is the most important consideration. 1. Size matters When comparing fireplaces, look at the size...

FSBO Open Houses – What If You Get An Offer?
You’ve decided to sell your home yourself and decide to have an open house to show off the property. Potential buyers come and you get an offer. What now? Qualifying Buyers Your home is looking sharp and you’ve got the word out telling people...

Protective Covenants – Buying A Home
In addition to zoning, some properties have covenants recorded at the courthouse that "run with the land." These "protective covenants" can put a serious pinch in your plans for a piece of property. Protective Covenants A protective covenant...

Real Estate Terms – From Pre-approval Letter To Townhouse
When buying or selling a property, it always helps to have a basic understanding of real estate terms. In this on going series of articles, we take a look at definitions starting with "Pre-Approval Letter." 1) Pre-Approval Lender Letter – a...

Rent Control Rehab for the Well-Heeled
For those who don't need it, rent control can become an addiction, resulting from too many years of a sweet deal. It can leave the real estate muscles paralyzed and the investment portfolio sick. "Penny wise" might have a "pound foolish" problem....

 
Your Dream Home In France - Moving Money To France


If you already live in France, or intend to finance your property purchase from equity in your UK home, chances are you'll want to move some money abroad.

Transfering money from the UK to France requires someone to handle the transfer on your behalf and usually your bank will be happy to assist you but beware, though convenient and familiar, your transfer might cost you more than it needs to.

Instead you may be better contacting a currency house, a company which exists specifically for the purpose of moving money; both large single amounts for your property purchase, and lower regular amounts such as a monthly pension.

Transferring money via a currency house is often cheaper than using your bank for two reasons; firstly their charges may be lower than your banks, but more importantly the exchange rate you receive is likely to be more attactive than the rate offered by your bank which is typically a tourist exchange rate and signifcantly lower than the rate you see published in the financial press.

Better yet, both spot and forward methods are available. The former converts your money at the prevailing


exchange rate when the money transfer is made and is the method most of us use unknowingly, whereas the forward method allows you to fix the exchange rate up to 24 months is advance of the transfer, useful if you believe the exchange rate will fall by the time you actually make your transfer.

This article only provides a general appreciation of the topic and it is not advice. Guidance should be sought from a specialist who is qualified to advise in your specific circumstances.

Copyright 2005 Oliver Phillips. May be freely reproduced "as-is" for private and commercial use.


About the Author: Oliver Phillips works for PFS France (http://www.propertyforsalefrance.co.uk/) a business that helps French property owners advertise and sell, and potential buyers find, some of the finest and best cared for traditional French properties available.

Source: www.isnare.com