5 Oct

Homeowners mulling move abroad

Homeowners mulling move abroad

Nearly half of the UK's homeowners would consider a move abroad if it meant they could be mortgage-free, new research has revealed.

According to a study conducted by currency specialist HiFX, four out of ten British mortgage holders would sell up and head abroad if it meant they could afford to buy a house overseas outright.

Meanwhile, some 37 per cent of respondents also said they harboured plans to start a new life abroad due to fears over the current UK economic climate.

Commenting on the poll HiFX director Mark Bodega said: "The results of our research paint a stark picture of UK consumer confidence at the moment.

"While moving overseas has long been a tradition for those seeking sunnier climes, a different career path or a peaceful retirement, it now seems that more and more people are no longer considering emigration as a luxury but a necessity."



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