Buying a home abroad: transferring big amounts

What is the smartest way to pay for a property abroad?

The smartest way is to make the payment through a specialist FX partner and lock in the exchange rate as soon as the purchase is agreed. You get a sharper rate than a standard bank transfer and you know exactly what the purchase costs in euros, even if payment only happens weeks later.

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Why is the exchange rate so decisive?

Because you usually pay in the local currency and it's a large amount. A small rate difference has a big impact on a property price. Letting the rate "float" with the market risks a significant setback at exactly the moment you pay.

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How do you avoid a setback on the rate?

By locking the rate with a forward contract. You fix today's rate for the future payment date. Whatever the market does afterwards, your price is set. HanzePay thinks along with you — a dedicated advisor helps you decide when to lock the rate and arranges the payment for you.

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What else should you watch for?

• Timing: align locking the rate with the moment the purchase is legally finalised.

• Costs: ask upfront for a transparent quote of the rate and any fees, so there's no hidden margin.

• Payment moment: make sure the currency reaches the notary or seller on time; international payments can take a few days.

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Frequently asked questions

Can I transfer a large amount abroad in one go?

Yes. A specialist FX partner handles large international payments and can lock the rate for you in advance.

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Is an FX partner cheaper than my bank?

On large amounts, usually yes: you generally get a sharper rate and can lock it in, which a standard bank transfer doesn't allow.

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What if payment is only in a few months?

That's exactly when a forward is valuable: you lock today's rate for that later date and take no exchange-rate risk.