Caught between two homes - By: Arthor Greenwald

There are many instances of people having a home in the UK and a second home abroad and both properties require maintenance. With property prices being lower in some other countries many people, especially towards retirement have chosen to spend their retirement pension on a second home so that they can go abroad during the winter months and during the summer. It is a better arrangement for many as emigrating can be a major upheaval for many families and leaving loved ones behind can be very hard to do.

Maintaining two properties, one at home and a second home can be a complex affair as bills will need to be paid for both homes and sending payments abroad may be expensive. When you are sending money overseas it is a natural instinct to go to your bank for assistance but this could cost you a lot more money. The foreign currency market can fluctuate wildly meaning that your costs can increase substantially. Using the services of a specialist currency broker can help you to keep your costs as low as possible so that you spend a minimum on the upkeep of your second home.

Here at Pure FX we are able to advise you and help you to obtain the best deal from your money transfer. If you are going to be sending money overseas regularly we can arrange a fixed exchange rate for up to one year which will allow you to budget for a longer period of time. This will maximise the benefits of a favourable exchange rate which can fluctuate dramatically.

For anyone who is sending money overseas whether regularly or as a one off occasion a currency exchange specialist will be able to help you secure the best rates for your foreign currency which can potentially save you a large sum of money.

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