Brits want to live in Oz
May 30, 2007 by admin
Filed under News, News-Mortgages
Many people in Britain would like to get a mortgage on a property abroad as house prices and the cost of living in the UK continue to grow.
Research by Bank of Scotland International shows that of all the destinations available for Brits, Australia is the place most would like to live.
It seems that younger people are keener on the idea of Australia than their older counterparts, with 59 per cent of those who chose the country being under 45.
When asked which country in Europe they would most like to live in, the majority of Brits chose France with older people this time proving keener.
There was an even divide between the ages when it came to those who do want to own a property abroad and those who do not.
Around 44 per cent of those who do were under 45, while 39 per cent were aged between 45 and 64.
Tony Wilcox, managing director at Bank of Scotland International, said it is important for people considering moving abroad to do their research first.
“Living, working or retiring abroad can mean a whole set of lifestyle changes, including an impact upon your financial affairs,” he commented.
“Expatriates have different financial requirements and when moving abroad it is important to have the right products and services in place.”
