Us­ing a cur­rency ex­change spe­cial­ist can help you max­imise your bud­get

Countryfile Magazine - - Contents -

Mov­ing abroad? Ad­vice from a cur­rency ex­change spe­cial­ist.

When you’re think­ing of mov­ing to France, con­sid­er­able re­search on all as­pects of this move is of para­mount im­por­tance – es­pe­cially if pur­chas­ing a new property will be part of your plans. The ex­cite­ment of buy­ing your place in the sun can of­ten take over, but it’s cru­cial to keep your feet on the ground and con­sider all the prac­ti­cal­i­ties and plan ahead – cer­tainly where your fi­nances are con­cerned.

Smart Cur­rency Ex­change,

the UK’s only cur­rency spe­cial­ist ded­i­cated to the over­seas property in­dus­try, can help with this. Not only does it of­fer bank-beat­ing ex­change rates that save you up to 4% on ev­ery trans­fer you make – and a team of cur­rency ex­perts to en­sure you min­imise your risks and max­imise your sav­ings – but it also un­der­stands the re­lo­ca­tion process from start to fin­ish and can as­sist you along the way. Its top tips for mov­ing to the French coun­try­side are:

Or­gan­ise your fi­nances as early as pos­si­ble

If you want to buy a property in the French coun­try­side, it’s really im­por­tant to as­sess your fi­nances as soon as you can. You need to as­sess how you will pay for the property and bud­get for all the other fees on top of property price, such as mort­gage or le­gal fees, real es­tate com­mis­sion – and on­go­ing main­te­nance costs in­clud­ing util­ity bills and taxes.

Understand the ef­fect of cur­rency mar­ket fluc­tu­a­tions on your property and life­style

The cur­rency mar­ket is live and con­stantly fluc­tu­ates; mean­ing the amount you need to spend to achieve the same amount of eu­ros is al­ways chang­ing. For ex­am­ple, at the be­gin­ning of Au­gust, £1 could buy you €1.43; by the be­gin­ning of Septem­ber, that amount had fallen to €1.36. This means that any­one want­ing to buy a €250,000 property would have paid nearly £9,000 more, just by wait­ing a month – and that’s with­out fac­tor­ing in the ad­di­tional money to suc­cess­fully pur­chase the property and main­tain your life over­seas.

De­cide the right area for you

France is a huge coun­try, with var­i­ous land­scapes to choose from – and even when you know you want to live in the coun­try­side, the ac­tual neigh­bour­hood you choose will de­pend on the fa­cil­i­ties and ameni­ties of­fered there. It’s so im­por­tant to as­sess the ar­eas that you are in­ter­ested in care­fully, de­pend­ing on your per­sonal needs – look­ing at the cli­mate, the health­care and other fa­cil­i­ties. The South West of France is one of the most com­mon lo­ca­tions for Bri­tish ex­pats look­ing for a coun­try life, with Verteil­lac and Mont­guyon par­tic­u­larly pop­u­lar, thanks to the wealth of property, world fa­mous health sys­tem and life­style.

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