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Britons of all ages itching to move abroad

29 May 2007
Britons of all ages are mulling over a move overseas, a survey from Bank of Scotland International has shown.

More than two in five people said they had considered buying a second home or moving abroad on a permanent basis.

Would-be migrants were dispersed across all ages, with 44 per cent under 45 and 39 per cent between 45 and 64.

Traditional European destination France was far more popular with the older generation, with 76 per cent of those thinking of moving over the Channel aged over 45.

Meanwhile, the 'new world' proved more of a draw for the younger breed of home buyers, with 21 per cent of 25 to 34-year-olds opting for Australia.

But the challenges of integrating into a new culture can entail "a whole set of lifestyle changes, including an impact upon your financial affairs", commented Bank of Scotland International's managing director Tony Wilcox.

To minimise those difficulties, many of the major banks now provide overseas services including savings, investments and current accounts.

One expense for home sellers thinking of heading for fresher climes could soon be removed if Home Information Packs, estimated to cost sellers between £400 and £600 to compile, are abandoned altogether.

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