London, UK (PRWeb UK) March 3, 2010
Recent research from Primelocation has found that the number of people searching for international properties increased by 134 per cent between January 2009 and January 2010.
Given the increased interest in homes abroad, the Post Office is reminding those purchasing property overseas of the options they have available when making foreign money transfers to cover international property payments.
The new Overseas Property Money Transfer service from the Post Office allows customers to set up regular foreign money transfers to cover any payments which need to be made overseas.
While many UK high-street banks typically charge commission fees when sending money abroad , the Post Office Overseas Property Money Transfer service enables customers to make international bank transfers with zero per cent commission.
The Post Office will also reimburse any charges on foreign money transfers that the destination bank may impose for undertaking an international bank transfer. Also, customers can fix a rate of exchange for up to a year on their overseas bank transfers.
Customers can access the Post Office Overseas Property Money Transfer online or via phone for those who require further guidance throughout the process of making foreign money transfers.