BloomSmith has entered a new partnership with TorFX to offer tailored currency exchange solutions for overseas clients purchasing commercial property in the UK.

TorFX enables overseas buyers of UK real estate to transfer funds without foreign exchange charges or losses when completing their acquisitions.

Alongside BloomSmith’s UK real estate VAT loan provision, overseas buyers can have peace of mind regarding currency matters while accessing short-term capital within £ Sterling jurisdiction.

As fellow patrons of the NACFB, TorFX provides currency risk management, elite customer service, and competitive exchange rates with no transfer fees, ensuring seamless international business operations.

Regarding the new partnership, BloomSmith’s CEO, Nigel Smith, said: “We have delivered VAT bridging loans to businesses from across the globe, providing vital short-term liquidity to assist in the purchase of property in the UK.

By working with TorFX, we can ensure that our clients receive expert foreign exchange services that complement our VAT funding provision.”

TorFX’s Group Key Partnership Manager, Natalie Collins, added: “We’re delighted to partner with BloomSmith to provide tailored foreign exchange solutions that perfectly complement their unique UK liquidity products.

“Together, we’re helping overseas businesses navigate the complexities of cross-border transactions and achieve their property investment goals.”