If you already live in France, or intend to finance the purchase of properties in the equity in your home in the UK, chances are that you want to move some money abroad.
Transferring money from UK to France requires someone to manage the transfer of your name and usually your bank will gladly help you, but be careful, so convenient and familiar, upload your cost you more money than necessary .
Instead, you get better contact with a strange house, a company which exists specifically for the removal of large quantities only for your property purchase, and smaller amounts as a regular monthly pension.
To transfer money through the home exchange is often more convenient than using a bank for two reasons: first, those payments may be lower than the banks, but more important, the exchange rate will probably get more attactive than the rate offered by the bank, which is typically a tourist exchange rate and signifcantly lower than what you see in the papers published financial statements.
Better yet, both spot and forward are available. The former convert money exchange prevailing in the money transfer was made, and is the method most of us use unknowingly, while the forward method allows you to strengthen the exchange rate more than 24 months prior to transfer benefits if they believe that the exchange rate goes down when you actually make the transfer.
This article provides only a general assessment of the subject, and is not advice. The instructions should be invited to an expert who is qualified to provide advice to specific circumstances.
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