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Getting set up

Step Four: Getting set up

Currency considerations
 
How can you be sure you’re getting the most from your budget when you’re exchanging currency? Unless you plan ahead as early as possible in the property buying process, you can’t. Yes, you can shop around and see who’s offering the best rate and the lowest commission on the day, but currencies fluctuate all the time – this can have a dramatic effect on the price of your property overseas.
 
Without the help and expertise of a dedicated currency expert constantly watching the markets for you, you are likely to lose money simply by converting it at the wrong time. This is where a currency specialist is a key part of a successful overseas property purchase.
 
You may need to move money overseas regularly, for example making foreign currency mortgage payments, transferring rental income, paying tuition fees, or picking up your pension in another country. An efficient, time and cost-saving way to do this is to set up a regular payments service with a currency specialist. Because it’s automated, you can be sure that important payments are always met on time.
 
You can also choose to fix an agreed exchange rate for your regular payments, so you’ll always know how much money you’ll receive and how much you need to pay. This can make budgeting easier, so it’s a good idea to think about it as you are considering the day-to-day costs of your new property.
 
Removals services – Top Tips
 
If you’re planning to move into the property you’ve purchased overseas, it’s important to find a reputable and reliable international removals company. Here’s our Top International Removals Tips.
 
1. Look for accreditations, memberships, awards and accolades
 
Check their accreditations and professional memberships. We recommend taking a look at the companies who are members of the British Association of Removers Overseas (BAR), the International Association of Movers, the FIDI Global Alliance, and look for accreditations by the FAIM quality standard. Ask us for recommendations – just get in touch.
 
2. Get recommendations
 
Personal recommendations are also valuable – if you have friends, colleagues or family members who have moved abroad and were happy with the removals company that they used, or ask for recommendations from your agent or other professionals who helped you with your property purchase. We would also be delighted to recommend removals experts from our network of tried and trusted partners.
 
3. Check their insurance policies
 
Check the removal company’s insurance policies and make sure that any items you are transporting overseas are covered for the route they will take. For example, are they covered while in transit by sea, as this requires specific marine insurance? Check that your possessions are insured while they are in storage before they are moved to your end destination.
 
4. Do your research
 
It’s important to do your research and approach a removals company early on in the buying process – we recommend 3-6 months before the day you want to move. Removals companies are busy and have long lead times, so you have to plan ahead and get booked in with them well in advance.
 
5. Find out about packing services
 
It’s definitely worth asking the removals company to pack up your belongings – this will only cost a little more and means that your belongings will be professionally wrapped and packed. Note that some removals firms will not guarantee the safety of items if they have not been packed by the company itself.

Settling in – Top Tips

 
Moving to a new country is exciting, but can be daunting. Here are our Five Top Tips for settling in to a new home overseas.
 
1. Take your time

Don’t feel pressured to get everything done at once. Take time to acclimatise to your new surroundings and take things one step at a time.
 
2. Stay connected to loved ones 

There have never been more options or easier ways to keep in touch: text, phone, email, social media, Skype, FaceTime... Schedule some time to enjoy a good chat with them as a break from unpacking and all the practical elements of your move.
 
3. Make it a home

Take the time to add those personal, homely touches. Whether you prefer a brand new look and feel, or want to fill your new property with things that remind you of your old home, getting everything looking cosy and homely plays an important part in feeling more settled and grounded.
 
4. Learn the language  

Even if it’s just a few key words and phrases. It will be appreciated by your neighbours and locals and will help you in getting to know new people, getting out and about, shopping, eating out and exploring new places. This will help you feel more at home.
 
5. Get to know the neighbours

Chat to people living nearby, look to see what local events you can attend, and make the most of local shops, bars and restaurants. You’ll soon build a new network and the opportunity for new hobbies and friendships is an exciting part of moving overseas.
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Buying property overseas
Assistance and tips for your property purchase