Buy

The better alternatives.

Fortunately a host of specialist foreign currency firms say they can overcome each of the problems people face when they deal with high street banks. They are keen to help out people who have re-mortgaged their UK homes to raise a lump sum of money and want to transfer it overseas to buy a second home, or people who are moving savings or investment money overseas for the same reason.



People with overseas properties who need to move money abroad to pay their mortgages or cover running costs are also customers with many specialists, as are business people with international suppliers or customers. The specialists have far lower charges than the banks – typically £15 for a lump sum conversion and transfer or just £4 each on regular payments though there can be no charges at all. They also offer better exchange rates and can help users avoid receipt fees when the funds reach their destination.