Overseas Property Purchases

Choosing the right currency exchange provider should be an important part of the purchase process. Cambridge Mercantile offers a comprehensive set of services and is easily the smartest choice to help you make worry free and secure currency transfers.

We'll help you through the currency exchange process by assigning a foreign exchange trader to you who will guide you through the whole process. In order to receive the best value for your money, you need to be aware of what is happening and what the issues are.

Why choose a currency trader like CambridgeFX?

Foreign exchange rates fluctuate constantly. This means that there are times at which you will get the best value for your money even if you have to pay for your property at some point in the future. Our foreign exchange traders will tell you when the best time is to exchange your money.

For example, the rate today may be more favorable to you than a rate in the future. You may then lock your money into a forward contract by which you reserve the rate you like. When the time comes to pay for your property, the rate you are looking for may no longer be available. However, you can still exchange your money at the rate you had previously reserved by way of a forward contract. Again, one of our traders will advise you on the movement of the market, so that you get the best rate possible.

In a different situation, you may be asked to make payments for your property in stages. But don't worry because you can arrange a closed or open forward contract with one of our traders. A closed forward is when your rate and date of exchange is locked. An open forward is a way for you to lock a rate but choose different dates and rates. For example, if you have to make installments on your property every 3 months, then you can have an arrangement with one of our foreign exchange traders to exchange your money every 3 months at a particular rate. This way, you will make your payments and get a higher value for your money.

For more information on how you can save on your property purchases, please contact:

Jorge Celemin, FX Business Development
email

Cambridge Mercantile Corp (UK) Ltd.

UK Head Office
2nd Floor, 39 Houndsditch
London, England
EC3A 7DB
Tel: +44 (0) 20 7398 5700
Fax: +44 (0) 20 7398 5710
email

Ricardo Soriano, 72, 29600 Marbella - Malaga, España

Tel: +34 952 81 26 60
Fax: +34 952 76 83 01
Mobile: + 34 667 71 37 00

Cambridge Mercantile UK offers more than low foreign exchange rates. Our other forex related services such as money transfer, currency risk management, currency monitoring, online account management and more are part of our service offering. Are you purchasing Spanish properties and need fast, secure transfer of your funds from Britain to Spain? This is just one foreign exchange transaction you'll enjoy being able to make worry free! Set up your new multi-currency account today.