UK Citizens Concerned About Losing Cash on Second Homes Abroad

London, UK (PRWeb UK) August 3, 2010

Research from Mintel has shown that 24 per cent of people are concerned by the risk of losing cash when it comes to thinking about owning a second home abroad – a four per cent increase on 2007 Meanwhile, 12 per cent of people questioned think it would be to big a challenge to manage and maintain a second home from abroad.

But Post Office Overseas Money Transfer is reminding people that purchasing and maintaining a second home abroad through international bank transfers doesn’t have to be prohibitively expensive.

While the prospect of monthly mortgage payments and regular maintenance costs may seem demanding to some, the Post Office advises that there are easier ways of sending money abroad via an international bank transfer.

For example, the Post Office Overseas Money Transfer service used for sending money abroad means that second homeowners won’t incur any hidden charges during international bank transfers. When it comes to purchasing a property abroad, these savings on foreign money transfers can ensure buyers get value for their investment when purchasing a second home.

The Post Office’s Overseas Property Money Transfer service also allows customers to fix an exchange rate for sending money abroad that is favourable for up to a year for all international money transfers. This can help UK residents have peace of mind that they are not incurring unnecessary international currency transfer charges and getting the best value possible from their second home.

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