When your clients make the decision to move overseas, there is so much to consider, from the type of property, to budgeting, to navigating life in a new country, work, family life, and so on.
A key area that they are unlikely to have considered is currency exchange – and how to make the most of transferring money to pay for all the different aspects of emigrating. Many people at this point do not realise that there is a significant difference between the amount of money that could be received in the target currency when making overseas payments, depending on emigration timescales and how the exchange rates are moving.
This is where Halo Financial comes in – simply setting up an account means Halo clients are allocated a dedicated Currency Consultant to discuss their exact currency requirements – then Halo does the rest. Halo’s Currency Consultants monitor the currency markets for clients, discuss the different currency tools and techniques available and alert them as soon as there is a change in the markets that could affect the client’s personal circumstances.
Why is currency planning so important when emigrating?
The currency markets fluctuate on a minute-by-minute basis. This means that the amount needed in US Dollars, for example, could be remarkably different, depending on the time of day or the day of the currency trade. Currency markets are influenced significantly by political and economic events – so in times when these are unstable, during periods of economic uncertainty, or awaiting big political decisions (around Brexit, or the US-China trade debate, for example) the rates can change drastically; translating to potentially significant financial gains or losses.
A currency exchange specialist like Halo Financial, on the other hand, is able to access exchange rates throughout the day to ensure clients receive the most up to date information and giving them the best guidance on how to make international money transfers, using a range of specialist currency tools and techniques.
Sterling has been on a rollercoaster ride up and down since the EU Referendum thanks to the continued uncertainty of Brexit, and is still susceptible to shocks and spikes up and down as events unfold around UK and international politics.
Big changes to currency exchange rates can also take place over a shorter period of time – such as the time between when your clients agree to purchase a property or move all their belongings overseas and the day they are able to transfer the funds to do so, even if this is only a matter of days or weeks.
Watching the currency markets for your clients and protecting their international payments with expert guidance from the specialist team at Halo Financial means they will be in safe hands and get more for their money with overseas money transfer they need to make.
Experts in overseas property
The team at Halo Financial has been helping clients to buy international property and move abroad successfully since 2004. A significant proportion of Halo’s client base is made up of clients who are investing in property overseas, either as a financial investment, a holiday home, or new home to move to.
They use the dedicated currency plans created by Halo Currency Consultants to send their money internationally for property deposit payments, buying or selling a house abroad, or sending mortgage and bill payments, whether one-off, larger trades or regular currency transfers are needed.
The smooth, simple process and dedicated guidance from an experienced Currency Consultant is why Halo’s clients are happy to recommend Halo Financial to friends, family and colleagues. It’s also why Halo has won the Feefo Five Star Gold Trusted Service five years in a row – and we hope we will continue to provide that five star service and support our clients with their overseas property plans for many more.
We are always looking to offer useful information to anyone looking to buy property overseas and have gathered some useful tips to help your clients on their way.
Why should your clients use a currency specialist?
Whether your client is buying an overseas property for business or for pleasure, getting the right guidance, service and exchange rate makes all the difference. They could save thousands of Pounds on their currency transaction. In property terms, it could be the difference between two bedrooms or four, a hot tub or a pool, a patio or a garden… perhaps a new car, or flights to the new holiday home?
When exchanging large amounts of money, having a trusted currency broker to provide the best service and find the best possible exchange rate is crucial.
As currency specialists established, tried and trusted since 2004, Halo Financial offers a personal service tailored to your clients’ individual needs, so they can get a great deal on their currency exchange.
Halo Financial clients have a dedicated Currency Consultant to monitor the exchange rates for them and proactively get in contact according to their stage in the overseas property purchase and individual needs. So they can get on with all the other important steps of buying property overseas and can really make the most of their budgets.
Who are Halo’s clients?
We’ve provided some examples of some typical clients, to illustrate how Halo helps them:
International property buyer
Richard Brown, buying property in Spain
• Richard, 50, is a Partner in a big four consultancy firm
Goals and challenges
• Maintaining his position within the firm
• Spending more time with family, who will be leaving home in the next 5-10 years
• Financial independence
What elements of the client experience does Richard value?
• Informative content
• Authentic, informed person at the end of the phone (when he calls them)
What are Richard’s concerns?
• Impact of Brexit
• Children’s future prospects
How Halo helps
• Tailored information on Eurozone and Brexit implications
• Quick response – without taking up too much time
• Links and recommendations to other specialist services, where relevant.
What our clients say…
“First Class service. Emails were prompt and provided all necessary information. All communications, receipts, transfers were issued within hours. Staff were efficient and friendly. This is the second time I have used your services and I will use them again for sure. To me it was a smooth team effort between your staff and my wife and I. Keep up the very good work. We are delighted clients.”
Suzy, 39, lives in Hong Kong and is a UK property investor
• She has family links in the UK and will move there when the opportunity arises
• She is interested in diversifying interests and works in the financial sector
• She is looking for yield in her property investment; open to areas in UK tipped as good investments as part of the “Northern Powerhouse” developments, such as the North West.
• Susanna is married, without children. Her Partner, Ian, is also involved in their decision making, so it’s important he is valued by Halo, too.
Goals and Challenges
• Searching for the best value
• Time poor and taking decisions from afar
What elements of the client experience does Suzy value?
• Affirmation of own views on the market
• Flexibility of currency tools such as Forward trades
What are Susanna’s fears in the current market?
• Job security
• Missing new opportunities
How Halo helps
• Halo offers very competitive rates
• Halo’s UK base provides peace of mind
• Suzanna values the regular, informative updates and guides available on the UK property market
What our clients say…
“Halo provided us with an excellent service; it’s good to have someone you can trust dealing with your money, especially when we are so far away.”
Hundreds of reviews showing Halo’s excellent customer service.
We received the Platinum Trusted Service Award – having achieved excellent customer satisfaction for 6 years in a row.