News: 3 top tips to lift your exchange rate, when you buy Alicante property

Are you thinking of buying a gorgeous property in Alicante this year?

If so, whether you've got your heart set on a beautiful new detached villa with 3 bedrooms in Campoamor, or a 2-bedroom townhouse with a terrace, country views and a swimming pool in Montemar, you'll want to transfer your money to Spain at an outstanding exchange rate.

Why? Well because, when the exchange rate is flying high, you receive more euros in your Spanish bank account, to buy the beautiful Alicante property your heart desires! Given this, here are some top tips to lift your exchange rate.

Exchange rate strengthens, cutting cost of buying Alicante property

To start with, if you intend to start a new vida española in your very own Alicante property, you'll be pleased to know that it's a fantastic time to transfer your money to Spain. This is because just this week the pound to euro interbank exchange rate has hit to its highest since June 15th, or close to 4 months, at 1.1407.

By contrast, back in late August, sterling was down in the dumps at 1.0790. With this in mind, the pound's +6 cent rise means that you'll receive a far higher euro total, when you transfer money to Spain, to buy the Alicante property you've been dreaming of!

Given this, here are 3 top tips to help you make the most of the strong exchange rate, and making buying a gorgeous Alicante property less costly for you!

1. Transfer money to Spain with a currency specialist, instead of your high street bank.

When we transfer money, our first thought is to use our bank. After all, we use our bank for other financial matters. The thing is though, the banks know this, so use this as an excuse to offer inferior exchange rates. Instead, a currency specialist will offer you a much better rate. When you transfer a large sum to buy an Alicante property, this might get you thousands of euros extra!

2. Fix your exchange rate in advance with a forward contract, for your peace of mind.

Are you concerned about fluctuating exchange rates? If so, you'll be pleased to know that you can lock in your exchange rate, with a forward contract. With this, you fix your exchange rate in advance, so that even if the exchange rate wobbles in future, you get the rate you've locked in. This way, you'll know how many euros you'll receive ahead of time, to buy your Alicante property!

3. Get expert guidance about your money transfer, from a friendly, professional currency dealer.

Is this your first time transferring abroad a significant sum of money, to buy an Alicante property? If so, you may have questions about how the transfer process works, or what's currently affecting the exchange rate. If this is the case, seek expert guidance from a friendly, professional currency dealer. They'll answer your questions in straightforward language, to put you at ease.

With these tips in mind, you'll get a fantastic exchange rate, to buy your beautiful Alicante property you've had your eye on. Keep these tips handy!

By Peter Lavelle at foreign exchange broker Pure FX https://www.purefx.co.uk