businesses around the globe. Every year they help over 25,000 private individuals buy and sell currency
for a variety of reasons including overseas property acquisition, emigration and regular payments abroad
(for pensions, mortgages, salary payments, school fees etc.).
You could potentially make huge savings by using a foreign currency specialist like HiFX who can offer
you a better exchange rate and a more specialised service.
customer service. From the start, their team of experienced and friendly foreign exchange professionals
ensure that every aspect of your currency transaction is as simple as possible. Throughout the process,
their currency experts will 'hold your hand' providing straight forward explanations to all of your
questions. They develop a precise understanding of your individual circumstances and then help you
identify how best to achieve your objectives and protect yourself from adverse movements in the
exchange rate.
Finally, when the transaction is undertaken HiFX will give you better exchange rates than your bank;
no fees, no commissions and no UK transfer costs, making your money go further. In addition, HiFX
have eliminated all bank receipt charges. As a result they guarantee that you will not have to pay any
receipt charges when sending funds abroad.
· ZERO transfer and receiving charges – GUARANTEED!
· Regular Payments Abroad service for pensions and mortgages etc.
· Protection against adverse currency market movements
· Access to jargon-free expert analysis of developing trends and market sentiment
· Faster payments, automated processing and enhanced security using SWIFT
· Best rates of exchange
It is important to understand that if you are buying abroad, you are exposing yourself to “currency risk”.
Currency movements can make a big difference to the final amount you end up paying for your property
because of the time it takes to complete the purchase and subsequently, this could cost you thousands
of pounds.
For example, if you had agreed to buy a property, priced at €200,000 in December 2005 (when the
GBP/EUR exchange rate was 1.488) it would have cost you £134,409. Had you neglected to fix the
exchange rate at the time, that same property would have cost £138,217 by the end of January 2006
(based on a rate of 1.4470), an increase of £3,808 or 2.83 % in 3 weeks.
rate to secure your costs. You have a number of options. You can do a “spot” trade. This is where you
buy all the currency now and your HiFX dealer will hold it on your behalf and transfer the funds abroad
when you need them.
However, if you do not have all the funds available yet to buy currency on a Spot contract but you are
worried that future exchange rates might increase your costs, you can still play it safe and buy a
“forward” contract. To do this you only need to have access to 10% of the funds initially. It is simply
a mechanism to “buy now, pay later” where you are no longer exposed to currency movements.
money on a regular basis. Whether for mortgage payments, construction costs, property running costs
or living expenses, you can save time and money with HiFX’s Regular Payments Abroad (RPA) service.
You can fix an exchange rate for up to 2 years, establish a direct debit with your UK bank and send the
currency abroad for no charge. Complete peace of mind.
To find out more about the currency
services HiFX provides, simply contact the Private Client
Team directly on +44 (0)1753 859159 and ask for a free no-obligation consultation.
Alternatively email info@hifx.co.uk
or visit www.hifx.co.uk
HiFX - 'Best Foreign Exchange Rate Provider' - The Sunday Times, 2006
arranging suitable insurance cover is essential part of protecting your investment. Many UK residents
however, often choose a policy offered by a foreign insurer that offers limited protection, is written in
a foreign language, and as a result is not suitable for the special requirements of overseas property
ownership.
HiFX Insurance Services provides tailored insurance policies designed to meet the specific needs of
overseas property owners. Underwritten by Norwich Union, their policies have been created to provide
customers with comprehensive cover, total peace of mind AND exceptional value.
Choose from either the Eurolifestyle policy for buildings, contents and All Risks cover (permanent
overseas residents) or their Holiday Home policy for Buildings and Contents cover featuring:
· Discounts of up to 40% depending on individual circumstance.
· Free 24hr Emergency Helpline.
· £2million public liability (Euro Lifestyle £1.5 million).
· All policy documentation is in English and all claims are handled by overseas property specialists
in the UK.
· Contents replaced on a new for old basis.
· Cover includes all outbuildings including swimming pools.
to speak to a member of the overseas property insurance team or +44 (0)1753 271500 if calling
from outside of the UK.
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Building Regulations | Services | Administration Services | Construction & Project Management |
Financial Information | Exchange & money transfer specialist | Home Insurance |
The Sunday Times Article | Contact Us