Gatehouse estates

Selling a house or flat to a buy to let investor

With Gatehouse Estate selling your property, whether it be a house or flat to a buy to let investor is easy. As one of the areas leading Property Management Companies we have lots of contact with Buy to Let investors, some of which are already existing landlords of our, but all looking to buy more houses or flats to rent out.

Buy to Let is popular with investors because the returns can be much higher than having cash sat in the bank so don’t assume just because we call them investors they won’t pay the full market value for your house or flat. Often buy to let buyers are great to sell to because they are chain free, less mortgage dependent than first time buyers and not as naive to the house buying and selling process and not emotionally attached to the property.

If you are thinking of selling a small house or flat in the general Cambridgeshire area then we will almost certainly have buy to let investors that will be interested. Call us to discuss further on 01480 434290.

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How to sell a one bedroom house or flat.

If you are thinking of selling a one bedroom house or flat then you may think with a huge drop in first time buyers that you may struggle.

As one of the areas largest Property Management Agents we have a lots of clients looking to expand their Buy to Let portfolios and are actively searching for one bedroom houses or flats.

If you would like us to offer your one bedroom house or flat for sale to our investors please call us on 01480 434290 or e-mail: phillip@gatehouseestates.co.uk

The moment we say investor people assume they won’t achieve full market value and this is simply not the case. Buy to Let investors are looking at a long time return from you one bedroom house or flat by letting it to tenants for a monthly income.

If you imagine the value of a one bedroom house to be £100,000 for argument’s sake and a buy to let investor lets to tenants who pay £500 per month the return on their investment could be as high as 6%. When you compare the low interest paid on savings in the bank then you can see why their is a strong demand for your one bedroom house or flat.

Using Gatehouse Estates is ideal for seller and buy to let buyer because we have the contacts selling is often straight forward, secure and chain free. From a buyers point of view we have tenants searching daily for property so can have it let sooner.

For any advice of selling, buying, buy to let or letting your one bedrooms house or flat and buying somewhere else please contact us on 01480 434290.

Foreign Exchange Services for Businesses

best currency exchange ratesCorporate financial controllers, relieve yourself of some of the financial burden today.

If you are the financial controller in your business, you may be interested to know that many corporate clients are using a relatively small foreign exchange company and are retaining more of their profits today, than their competitors.

How?

They are using the services of a specialist currency conversion business to buy, or sell, their currency in a pre-planned manner. By doing this, the currency service provider is managing to shave off large amounts of profit that their usual fx supplier makes.

Because the currency exchange company only converts currency for physical delivery, they trade considerable volume every day. Because they trade large currency volume, they can buy at a discounted rate from their treasury provider, in this case, Barclays Bank.

Bottom line? …. Buy your currency through a FX dealer who buys in bulk and use their discount to get a much better rate than at your own bank.

Most businesses don’t have the time to consider how much of a difference it would make to their bottom-line if they used a foreign exchange dealer, other than their bank. One phone call, or email, could save thousands on each transaction.

  • Easy Online registration
  • Dedicated corporate dealers
  • Client segregated accounts
  • Competitive transfer fees, in some cases, no charge.
  • Inbound & outbound payments
  • No contractual obligations

More information on FAQ’s for corporate foreign exchange transfers here.

Save your company money and make life easier.

Currency Rates

Currency Exchange and Currency transfers for your Property Purchase Abroad.

The Foreign Currency Exchange market is the world’s largest financial market, in excess of 1.5 trillion US dollars are being exchanged daily.

The process of Foreign currency exchange transfers couldn’t be easier. and as most services – money transfer is a free service with our Foreign Exchange partner.

However, be aware that some companies make charges for transfering money abroad.

Here is a simple 3 step guide:

Step 1. Open an account

Complete an application form and ensure you have usually two forms of ID: (1) photographic (2) proof of residence.

Step 2. Buy your currency

Speak to a currency dealer and they will give you the current market rate. If you are happy with the quotation they will buy the currency on your behalf. This trade is usually confirmed in writing by way of a deal receipt and usually provides instructions on how, when, and where to make payment for your currency.

Step 3. Get your currency

Once cleared funds are received by your dealer, they will promptly transfer your exchanged currency to any bank account of your choice, worldwide, the same day.

Other than just choosing any particular day to exchange your money, you could choose other dates to make the currency exchange. It may be that you have decided to buy a new property that won’t need the final balance to be paid until 18 month’s time. In this case, it may suit you to do a ‘spot deal’ today for the deposit and arrange for a ‘forward deal’ for the final balance. By doing this, you will have just ‘fixed’ the purchase price to your home currency and will have ensured that you don’t get caught out by a weakening home currency, or a strengthening one in the country of your purchase. This can save people thousands.

Here are 4 basic types of transaction:

Spot Contract
A spot contract is undertaken when you buy currency at the prevailing exchange rate at the time of the transaction and make payment within two working days. This transaction is typically used for deposit payments on property or for full payment if the funds to pay for the transaction are available.

Forward Currency Contracts
A forward contract is undertaken when you fix the exchange rate now for a specific date from one to 24 months in the future. As an example, your final payment for a home abroad may be the equivalent of £100,000. You could fix that exchange rate today with a small deposit, and pay for the bulk of that transaction at the completion of the forward contract. To guarantee the exchange rate, private clients will have to pay for at least 10% of the value straight away (a margin deposit) and the balance on or before the maturity of the contract.

Time-Option Forward Contracts
You may also reserve a time-option forward contract. This contract allows greater flexibility in paying. For example, a property developer may give you a date of December 2008 as an approximate completion date but may tell you it could take a bit longer. Your dealer may recommend that you set a date for your forward contract of February 2009 and you are free to settle that contract anytime before the maturity date with no penalty.

Limit Order
Limit Orders allow a client to set the rate at that which they would like to exchange their currency. Our foreign Exchange partner will monitor the market for you and if the rate can be achieved, we will purchase the currency on your behalf. We would then notify you of the due date for your payment. This is particularly important for contracts of substantial value where a small currency fluctuation may have huge implications.
Getting Started

If you would like further information please call our Private Client Desk on 01480 458400. You may also register online with us. We will contact you to activate your account. In order to complete the registration process, we require two forms of identification. Please also provide us with a copy of your passport or driving licence and a utility bill, council tax bill or landline telephone bill with your address.

currency conversion by professionals

The value of your foreign currency can be fixed for a given period ahead. If you don’t wish to transfer your money now, you can book the rate of exchange now, for a date ahead.

To discuss how best to make a currency exchange into euros at the best rate, talk to a foreign currency exchange specialist. visit fx-foreignexchange,

Rush to Place Deposits in Irish Banks

The recent announcement by the Irish Government that they will make a public guarantee to all customers of all six Irish banks with their headquarters in Ireland, has rocked other countries.

It now appears that the inducement of a safe haven of an Irish bank offering a guarantee backed by the Irish government has started a stampede of investment transfers. This is not surprising when the financial world is currently a very uncertain environment and other governments offer much lower thresholds as guarantee levels for investors, should a bank foreclose.

With the British government now talking of raising it’s public guarantee to £50,000, the unlimited guarantee looks very attractive to high net worth individuals. Foreign exchange specialists have been exceedingly busy in the last few days, exchanging pounds sterling for euros and transferring the funds to Ireland.

The 6 Irish banks benefitting from this are: Allied Irish bank, Bank of Ireland, Anglo Irish bank, Irish Nationwide Building society, the Educational Building Society (EBS), Irish Life & permanent combined with the Permanent TSB.

currency conversion by professionals

The value of the euro against the pound can be fixed for a given period ahead. If you don’t wish to transfer your deposit money now, you can book the rate of exchange now, for a date ahead.

To discuss how best to make a currency exchange into euros at the best rate, talk to a foreign currency exchange specialist. visit fx-foreignexchange, or call 01480 458400.

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