Investing abroad

Steve and Trish are doing pretty well – they’ve got good jobs, a new-ish Barratt home (with some equity) plus some savings, so they’re fairly secure. And Trish was recently left a large amount of cash by her nan. It was too much to just splash out on a holiday or a better car, so they resolved to plan for the future by being sensible and investing it.

And then, when Steve and Trish were discussing their plans with their best friends, they discovered that Alec and Natasha had similar ambitions. It didn’t take long for them to realise that by joining together, they could afford to buy an off-plan property in Bulgaria without needing to borrow much at all – and by renting it out as a holiday let, they could cover the mortgage repayments, and even stay there themselves from time-to-time.

They knew a little about the money markets – Trish has a European fund ISA investment that she started a few years ago, and both couples had shopped around a bit when they’d needed foreign currency for holidays. But as all four of them were working, none of them had much time to spare for research into the complexities of the currency transactions for their purchase.

Luckily Steve noticed an article in the Sunday Times about currency providers, and they all agreed it was worth discussing their needs with us, as we seemed to be highly recommended. We made lots of useful suggestions, and ticked al the right boxes for them – market knowledge, security, cost-effectiveness – so they used us to ensure that their foreign currency stage payments to the construction company went through on-time, exactly as scheduled. Now they’re the proud owners of a brand new investment property that’s about to earn its first income as a holiday let.

We'll guide you through every step of your currency transactions, just like we did for Steve, Trish, Alec and Natasha.