Thinking of Buying a Home Abroad? A Money Transfer Online Is Essential

Sunny climates and a more relaxed lifestyle are just two of the reasons why a growing number of Britons are considering investing in a second home overseas. Figures released by banking group HSBC reveal that in 2014 5.4 million Britons took the plunge but if you’re thinking of joining them then there are a few things to consider first.

Houses in France and Spain are popular

A recent report published on the authoritative this is Money website shows that, thanks to the declining value of the Euro against sterling (in June the value was at 1.37 euros to the pound), overseas house prices are very attractive to British home buyers.

Many of those buyers will be looking at effective ways of sending money online from the UK to their new country of residence.

Key points for buying property overseas

The first thing that anyone should do, if you are considering a move overseas is to draw up a budget plan. Take into account the necessity of transferral of funds at some point in the process; you should be looking at notaries’ fees, local taxes and surveyor’s costs as well as the actual price of the house.

Read the news too. For example, France is considering hiking up its capital gains tax by 20% and is targeting those with second homes in that country. This type of governmental decision will affect your choice of destination but effective transfer of funds can cut down on banking delays and additional banking charges.

Work anywhere in the world, make use of money transfer online

Despite the uncertainties raised by the forthcoming European referendum many UK citizens still enjoy the flexibility of working and living abroad. Most of those workers are often paid in dollars or sterling rather than in a local currency. This means that an effective money transfer online can make life a lot easier for global working practices.

All you need is internet access and you can receive payment in any part of the globe. Just inform employers of the methods of sending money online and you can enjoy your regular income.

A money transfer online is vital for pension and other investment payments

Once you’ve bought your property you will need an income in order to pay for healthcare and taxes as well as maintaining your new dream home. You’ll also need to take into account that although food and clothing costs may be a lot lower in some countries, petrol may be more expensive.

Your UK pension and income providers need to be aware of the benefits of sending money online to you. As long as you plan your move and are aware of the pitfalls, there’s no reason why you shouldn’t reap the benefits of cheaper house prices, better climate and a fantastic quality of life anywhere in the world.

Money Transfers Online: Remittance Made Easy

Sending money back home to friends and family overseas is increasingly common in the modern world as people broaden their working horizons.

Some 320,000 people left the UK in 2014 alone and it means that more than five million Brits now live abroad.

Add that to the increasing number of people immigrating into the UK, and it leaves high demand for services offering an online transfer. Money has never been so important!

Sending money around the globe to aid friends that are facing financial strife has existed for decades, but the internet is definitely enhancing the process.

Now money transfers can be completed online, those overseas are able to support each other from wherever they are, providing extra financial assurance.

Where are all the Brits?

Nearly 1.5 million Brits have set up base in North America and a similar number now call Oceania and many different European countries ‘home’.

The British influence stretches to other parts of the world too though with almost 350,000 now at home in Africa and nearly 330,000 Brits in Asia.

For all of expatriate Brits, the option to make money transfers online ensures they can send earnings back to the UK just as easily as those that remained at home can send finances out to them.

Finding the best services

A wide range of services enable funds to be transferred and the majority will be secure and quick – after all they tend to be the first factors considered when looking for a facility to use.

However, there other factors to consider too, all of which can influence the sort of deals that you might find when looking to send money back home.

Exchange rates will vary for example so looking out for the best rates can mean people receive more for your money. But the best rates can also come with hefty fees that accompany these transactions.

If you’re opting for an online transfer, money matters should be top of your priority list so always check for discounts or promotions that could be of benefit.

Popular options

Funds can be transferred between bank accounts – most transactions are done in this way – but for people without accounts, a number of flexible options exist.

Some services can send money directly to a home via a delivery service or by using a mobile phone – enhancing the speed and ease of the process.

This ensures family members and friends can get their hands on the money they need with the minimum of fuss.

No matter where they are in the world, flexible options means expats can make fast money transfers online without the need to worry about transfer limits and fees.

Regardless of whether someone wants to transfer £1, £100 or £1,000, the options exist to make a quick online transfer. Money can even be received by the recipient on the same day depending on the service used and the amount being transferred.