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Entity Financial Associates Ltd

UK expats buying buy-to-let property back home lose £40,000 on unnecessary costs

UK expats acquiring buy-to-let property back home are typically squandering £40,000 on unnecessary transaction costs, exchange and loan rates in the first five years.

Specialist loan packager, Thistle Finance, and global currency specialist, Mercury FX found specialist currency firms can typically save their clients up to 4% on transaction fees compared to the average high street bank.

For an expat transferring the equivalent of £500,000 of foreign currency into GBP to purchase a buy-to-let, that’s an immediate saving of around £20,000.

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