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As you know Estupendo have recommended that our clients use The Foremost Currency Group who are a specialist currency broker for years now. James Stanton is our dedicated contact within the company to ensure that you receive the best service and possible rate for your currency transactions, James has prepared the following information to explain the different ways of securing your foreign currency and you are assured that he will negotiate a preferential rate for you with no commission charges.

Spot Contracts – for the best exchange rates available

If you need to transfer money quickly, at the best available exchange rate, you should use a ‘Spot’ contract. Your currency will be available as soon as you have paid for your contract – typically 2 working days after the order has been placed.

Forward Contracts – for a guaranteed rate up to 2 years ahead

If you know that you will need to buy currency, but don’t need to take delivery yet, a Forward Contract could be perfect for you. The exchange rate can be fixed up to 2 years ahead, giving you the peace of mind of knowing, in advance, how much you need to pay, while protecting yourself against adverse market movement.

Time Option Contract – for a guaranteed rate up to 2 years ahead

Similar to a Forward contract a ‘Time Option’ contract can be fixed for up to 2 years ahead, you can set up a contract to draw down the currency in part, for example when several stage payments are required over the course of a property build.

Overseas Regular Payment Plan – for smaller, monthly or quarterly payments

If you have an overseas mortgage, or a UK pension or other income to send abroad regularly, the automated Regular Payment Plan offers an excellent solution. There are no bank charges in the UK or abroad, no commission, and transfer charges of only 8.50 Pounds Sterling.

Financial peace of mind is a click away……………….

Foremost provides a first class level of service as well as highly competitive exchange rates, to save you time and money on your property purchase and give you the peace of mind so essential in times like these. Please contact James direct for more help and advice on your personal currency requirements, you can register on the Foremost Currency Group website or by telephone +44 (0) 1442 892060.