Making regular overseas payments

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Owner advice > Buy to Let Guide for your Holiday Home > Making regular overseas payments

Making regular overseas payments

When buying a holiday home abroad, there's a lot to consider financially: from the tax implications to local licences to managing the home overseas. It's also important to consider how you will transfer money - for example, to pay bills - to the country that your home's based in.

Whether you're moving money overseas in a one off payment or to meet regular monthly financial commitments, there are many options available to you to reduce the risk of currency fluctuation. You may want to use the services of your bank if the exchange rate is good or look to a specialist exchange company. We recommend that you speak to a financial adviser before making a decision on which option is best for you.

Independent currency exchange services tend to offer you better rates than many banks and can help with transfers for property purchases and ongoing payments. This page introduces you to Moneycorp, a company specialising in currency exchange who you may wish to consider when transferring currency.

Moneycorp offers currency advice and a secure online service for money transfers. They have over 25 years of experience in foreign exchange and handle over £10 billion every year on behalf of their clients. Moneycorp provides a wide range of foreign exchange and related services for both private and business customers.

Some key reasons to consider Moneycorp:

  • A 24-hour monitoring service allowing trades at the most advantageous rate of exchange

  • Free transfer fees

  • A dedicated foreign exchange expert on their London trading floor to guide you

  • Fixed exchange rates for up to two years, offering protection from the possibility of adverse currency fluctuations

  • No commission charges

  • Fast international money transfers that can be arranged in seconds, on the phone, online or even automated by Direct Debit

  • Market experts on hand to help you to get the best exchange rates available.

  • Moneycorp offers a variety of tools to protect you from the uncertainty of the currency markets. See the Moneycorp website for more details

  • Personal Account Manager, who will get to know your requirements

  • Efficient, reliable and secure payment methods

Find out how Moneycorp can help you.