Buying Property Abroad. At Pugnax FX Capital your dedicated FX Account Managers will take care of all the currency exchange elements involved in the purchase or selling of your property. Whether you are purchasing a holiday home, investing in property or moving to a property abroad we will offer you the best rates of exchange with no transfer fees making this simple and cost-effective as possible.
Why Pugnax FX?
Save up to 4% on Currency Exchange rates compared to your bank
Many of our clients take advantage of significant savings when purchasing or transferring currency using Pugnax FX Capital services. We can do the same for you by making savings of up to 4% on the available exchange rates compared with high street banks on your global currency transfers. Your costs are significantly reduced leaving you with that little extra money.
No Commission or Fee on any Transactions
There are no hidden costs or fees to pay on the Foreign Exchange service we provide.
Complete peace of mind on your Foreign Exchange Funds
All client funds are held in a segregated client account offering additional security on your Currency Transfers.
Private Banking Level of Service
At Pugnax FX Capital we ensure that all our client’s needs are met by their appointed Currency Broker and our dedicated team of Account Managers. We deliver a professional and high level of customer service which results in repeat business from our existing clients. We are proud of the fact that the majority of our business comes from personal referrals.
Protection against Market Fluctuation
Pugnax FX Capital offers both Spot and Forward Contracts (See Case Studies). Unlike the majority of high street banks we can fix an exchange rate for up to 2 years in advance on a Forward Contract. This means you will know exactly how much your currency is going to cost in advance and will help guard against adverse currency market movements. Please ask your Currency Broker how Pugnax FX Capital can help you manage your Foreign Exchange risks in a volatile currency market. We will save you time and money.
Property Purchase Example
Spot Contracts are ideal for people looking to make an immediate payment (ie: deposit to secure the purchase of a property). When cash is needed quickly Pugnax FX Capital will help you to find the most cost effective solution. Often when making a deposit payment, the balance will not have to be paid until months later. This means you can become exposed to adverse exchange rates, resulting in higher than expected costs. By using a Forward Contract you can secure a rate now for up to 2 years, thus fixing your property price and protecting you from unwanted currency exchange costs.
David finds the perfect holiday home, and agrees to pay € 300,000 Euros for the property. At the time David agreed the price, the exchange rates were 1.2244 selling GBP buying EUR, so he set a budget of £ 245,000 Pounds for the house. By the time he was ready to complete, the rates had moved to 1.1640 selling GBP buying EUR. The initial € 300,000 Euros will now cost him £ 257,732 Pounds, leaving him with a deficit of £ 12,732 Pounds.
Pugnax FX Capital help David ‘lock’ the rate at the time he agreed the price for the house. That way, whatever happens in the currency markets, he doesn’t have to spend more than expected.