Selling A French House - Seeking Currency Advice

[cynic]

Greetings to all.

I’m in the process of selling a house in France then to bring the proceeds back to the UK. Trying to agree a sale has proved to be a nightmare (a buyer has already pulled out after signing the contract – the compromis de vente) because of a dead market, the need to undertake major works and in particular a local development which may have to be seen through to its completion before a buyer can assess its impact (big, BIG block of flats). This could mean another 12 month wait. Meanwhile, the euro has strengthened relative to sterling over the last couple of weeks and at a rate which I’d be happy to convert to sterling once the house is sold. IOW, I’d like to fix this rate now before we have another euro drama.

Could someone give me an idea of how this works, what sort of fees are paid, where the risks are, the duration of any kind of contract and how this might be set up given the uncertainty of a completion date?

Are there forex traders who specialise in dealing with the public? Are they much of a muchness or do some stand out as better/worse?

Would be most obliged for any insights.

[whalebone]

I use Moneycorp, they will happily do a trade on a fixed rate.

http://www.moneycorp.com/uk/

I have used them for over 10 years, the rates are great and the service is outstanding

good luck

[cynic]

I use Moneycorp, they will happily do a trade on a fixed rate.

http://www.moneycorp.com/uk/

I have used them for over 10 years, the rates are great and the service is outstanding

good luck

- thanks for that.

I'm hoping to get my head round what is entailed in a forward contract when that contract is set for say, 6 months, and my house sale falls through yet again...

Back to google but if anyone has a thought about this i'd be most interested.