Research Shows Increase in Searches by UK Residents to Bag a Bargain Abroad

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Post Office International Payments advises consumers on how to manage sending money abroad

New research by PrimeLocation indicates that thousands of people across the UK are seeking information on the best bargain properties in Europe. As buying a property overseas can mean sending money abroad on a regular basis, Post Office International Payments is reminding consumers to shop around for a good deal on their foreign money transfers so they can keep costs to a minimum.

According to the research, property searches in Spain, Portugal, Italy, Ireland and Greece have gone up by 134 per cent in the year to end August 2010.

Regular foreign money transfers are often vital for holiday home owners when organising the practicalities of an overseas home purchase, such as making mortgage repayments. For customers who need to send money abroad regularly, the Post Office offers the Post Office International Payments service, which features 0% commission, no fees when sending money abroad and competitive exchange rates.

The Post Office reminds customers that sending money abroad does not need to be an intimidating process, as the Post Office International Payments service is available online or over the phone, making international bank transfers a straightforward way of sending money abroad for all the necessary payments involved in purchasing a second home.

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