It’s the moment many people dream of: the dream property overseas has been found and now all you need is to set up the payments for the overseas mortgage.  Anyone knows that purchasing a property abroad is a big commitment and financially, it is important to carry this out the most sensible and practical way.  After all, even if you are relatively wealthy, a house is never a small throwaway purchase.  Therefore, it is crucial to use good foreign exchange brokers to make the payments as quick, simple and good value as possible.  It is possible to request that your regular bank makes the transfers for you but this is a method rarely used nowadays.  The reason is simple: foreign exchange brokers are experts in their field and can source the best exchange rates.  They tap directly into the foreign exchange market (being brokers, this is what they do!) and pass on great rates to their customers.  The customer can set up a range of contracts – such as forward contracts.  These are great for fixing an exchange rate today while it is good for use in the future when you need to make a payment.  For instance, you might have secured your dream property in the sun but need to start payments in six months time.  You can secure the exchange rate on them now so that you hedge the risks of the rate being less attractive in the future.