Moving back to the UK?
No one permanently moves overseas with the intention of returning to their country
of origin, yet best laid plans can go awry. The most common reasons for Brits to
move back to the UK include the loss of a spouse, homesickness or health matters.
In many cases the move is a necessary evil and needs to happen quickly and efficiently.
During the rush to get things done many people that repatriate make costly mistakes.
One of the most expensive mistakes made is to transfer large sums of money (e.g.
proceeds from the sale of a house or savings) through a high street bank rather
than an international payment specialist. Aside from saving thousands by getting
better exchange rates (euro or any other currency to GBP), your funds will be transferred
quicker and with reduced fees when using Smart Currency Exchange. Furthermore,
if you want to guarantee that the sum you have to transfer doesn’t depreciate
in value – say, between now and next month when you’ll
move the funds – you can reserve a set exchange rate today knowing the
exact amount you’ll get in a month’s time.
For example, after living overseas for 3 years, Mr and Mrs Jones decided to
return to the UK to help their daughter raise their first grandson.
The Jones’s loved their life abroad yet they yearned to be with their family
and didn’t want baby Alex to grow up without close contact from grandma and
grandad. They sold their main overseas property to make enough money for a
home in England.
After the sale of the property, they made a nice profit to move back to England.
Armed with a total amount to be transferred, the Jones's decided to weigh up their
options to transfer the funds back to the UK. When comparing the end amount
that would be deposited in their UK sterling account between a Bank and Smart they
discovered a substantial difference. The choice was simple; by using
Smart they gained over £7,000 more than if they used their bank.
The Jones’s, however, had a slight snag. They could only move the funds in
two month's time. After a discussion, the Jones’s discovered that they could
reserve at today’s excellent rate yet move the money in 2 month's time.
Repatriation is an involved process and there are hundreds of things to consider.
When it comes to moving money internationally – especially large lump sums
– it pays to enlist the help of Smart Currency Exchange. Not only can the
Smart Tranders help to get excellent exchange rates, they have systems that allow
for quick and efficient transfers. In most cases funds can be in the UK within 24
hours of instructing the transfer to take place.
In order to ensure that you know
how to save money during your overseas moving process, call on our free phone number
0808 163 0102 (free phone) or
"An excellent service which was very straightforward and eased our worries
enormously. We have no reservations about using SMART again recommending them to
our friends. Alister and Helen James"
So...how can Smart specifically help you to save money and reduce the risk of currency
costs increasing during repatriation? Smart helps to:
- Provide better-than-bank exchange rates - you'll get more GBP during your exchange
by using Smart than you will when using a high street bank
- Reduce the risk that the amount you want to move back to the UK does NOT decrease
- Offer a service with no fees, no commission, no hidden charges
- Give you direct access to your dedicated Smart Trader. Your Smart Trader will be
able to explain the options available, the market conditions and various ways to
ensure that you're able to get the most sterling sent back to the UK as possible.
Also, it's important to note that unlike most UK international payment specialists,
Smart Traders are not paid on commission, thus your trader will be working for you
- not their pay-packet.
- Make the whole process fast and effortless - thus leaving more time for you to spend
focusing on move
Apply online now and get access to
your Smart Trader to discuss just how much Smart can save you! Let us help
you to ensure the money side of your move back to the UK is cost-effective, easy