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Topic: Buying a home in the UK -- transferring downpayment money from US?  (Read 1231 times)

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Buying a home in the UK -- transferring downpayment money from US?
« on: March 28, 2011, 11:54:42 AM »
What are the pros and cons of doing this (in terms of taxes, exchange rates, other legalities)? Has anyone done it, and how did it work out?
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Re: Buying a home in the UK -- transferring downpayment money from US?
« Reply #1 on: April 25, 2011, 05:26:45 PM »
Don't know if it's too late to answer!

Have a look at the currency exhange specialists who can get better rates than the high street banks on larger sums of money.

hifx is one such company to start you off !

Cheers, DtM, West London & Slough UK!
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Re: Buying a home in the UK -- transferring downpayment money from US?
« Reply #2 on: May 26, 2011, 03:54:48 PM »
I did it 7 years ago -- you will need to pay taxes on anything you remit to the UK if you haven't already, so that can be a downside of using US money for the downpayment.
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