The pound is reaching the end of the month nearly 3% stronger against the euro than the start of the month, but just a little down on the US dollar. Looking at the annual picture, however, GBP/EUR is up 3% and GBP/USD up 5%.
So, as we approach what is traditionally seen as the start of the overseas property buying season, this looks like an excellent time to lock that rate in with a forward contract. You can do that – or at least talk though your options – with no pressure, with a call to your account manager on 020 7898 0541.
If you are looking to buy a property overseas, it is now less than three weeks until the international property and emigration show that we sponsor, the Your Overseas Home Virtual Event. It’s all online, on a Saturday, so you can get the answers to your buying/moving overseas questions without even leaving the house.
But if you are heading off to view properties this spring, and then completing over the summer, what will you be paying? The summer months do tend to be more volatile, and there have been wild swings of 7 or 8% against both the euro and US dollar in recent summers.
So if that sort of change in the value of sterling, mid-purchase, potentially requiring you to find large sums of money in a hurry, would be a big problem, do seriously consider locking in your rate and having a stress-free property search and purchase. That number again, 020 7898 0541.
