“A foreign exchange broker will save you a fortune if you buy abroad, and did you know you could wipe out tax on your profits?”

This is a great article on ways to save money if you are thinking of investing in a property abroad, and even for those of us who have already made that move, I think some of the advice is still useful. In summary the key points are:

- Transferring money abroad using a foreign exchange broker will get you a much better exchange rate.
- Use a forex broker to fix your exchange rate before you complete, as they can change dramatically in the time it takes to purchase a property.
- Consider a euro mortgage so that the mortgage for your holiday home is in the local currency. You will also find interest rates are lower than in the UK.
- Look into the option of buying an overseas exchange bond, which some large developers will accept, as an alternative to putting down a deposit, particularly when buying off-plan.

For more info read on …

Ten ways to save thousands on your second home in the sun - Times