Property
When completion day cannot move.
International property transactions work to fixed timelines. Deposits, exchange and completion all fall on dates that do not move with the currency markets. Even a small change in the exchange rate can have a significant effect on the final cost of a property.
Currency planning for property
Greater certainty from deposit to completion.
An international property purchase often involves several payments. Deposits, taxes, legal fees, renovation costs and mortgage payments may each be due at different stages, and during that time exchange rates can change. This may increase the amount you ultimately need to pay, even though the agreed property price has remained the same.
We help you understand that exposure from the outset. In practice, that means reviewing your expected payment dates from deposit through to completion, and agreeing whether to exchange immediately, secure a rate for a later date, or divide the transfer into several payments.
Where useful, we liaise directly with your solicitor, conveyancer or agent, prepare beneficiary details ahead of completion and remain available afterwards for renovation costs, mortgage payments, property expenses or an eventual sale.
The details
The detail behind every transaction.
The right currency, in the right place, at the right time.
Property purchases depend on close coordination between the buyer, solicitor, agent, lender and other advisers. K2 FX manages the currency and payment side of the transaction, providing a dedicated point of contact when information is needed or timings change.
Speak to us early.
The earlier we understand the purchase and its payment schedule, the more effectively we can help you prepare.