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Select Money Launches

Select Property Group launches Select Money – responding to customer demand for a ‘one stop’ financial solution for overseas property buyers

Leading overseas property specialist Select Property is shaking up the financial services market for overseas property purchases by introducing a one-stop solution that promises competitively priced, easy to understand financial products and services. The innovative property group, which has successfully developed, marketed and sold over 4000 properties across the globe has launched Select Money, a financial services company for people buying property abroad.

The wide range of benefits will consist of a currency exchange service – providing preferential rates over high street banks – and the option to forward book currency for up to two years, fixing the exchange rate for property payments and helping protect from adverse currency movements. No commission or receiving charges means buyers will save money and for simplicity, property payments can be made in multiple currencies.

Mark Stott, managing director of Select Property Group says; “We’re constantly working with overseas property purchasers, we’ve listened to feedback and have researched the market to deliver a customer centric, financial services solution geared specifically towards the needs of the overseas property buyer.”

“Our financial services arm will draw on our extensive experience of the overseas property market and in depth understanding of the property purchase lifecycle”.

Select Money has chosen Moneycorp as its strategic foreign currency exchange provider. Moneycorp is one of the largest foreign exchange specialists in the UK, has traded currencies since 1979 and last year alone served more than 2.7 million customers.

The process of opening a trading account will also be infinitely easier: as a trading account will automatically be opened online through MySelectProperty.com, a secure, private portal which allows purchasers to track every stage of their purchase including build progress and money transfer, again simplifying the process and eliminating hundreds of application forms.

Select Money is fully integrated into Select Property’s current business process. A customer will still deal with the same departments as they do when buying a property. The service is only available to Select Property customers, acting as an added benefit when purchasing one of their many properties.

In a climate where Brits are feeling the pinch across the board, there is nothing better than discovering a company that offers upfront and extremely competitive financial services, tailored exclusively for the overseas property buyer.

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