Could international money transfers help Brits sell-up?

International money transfers could help Brits to recoup as much money as possible if the time has come for them to sell up.

According to Matthew Vincent, personal finance editor at the Financial Times, economic conditions are forcing more and more people to sell their overseas homes.

"Last year more than a third of homeowners who let out an overseas property said occupancy rates and rental income were down on what they had expected and the fluctuating value of the euro only made the uncertainty worse," said Mr Vincent.

He explained that currency exchange brokers have reported that around half of their clients with houses abroad are considering selling in 2011.

Currency volatility is playing a big part in this, with Brits forced to transfer more and more sterling to meet the costs of overseas mortgages and property maintenance fees.

If the time has come to sell up then at least using a foreign exchange broker to make an international money transfer can help to recoup a large amount of money from abroad by avoiding fees and offering a competitive rate of exchange.

Click here to make an International Money transfer

Posted by Thomas Barber