According to the data, Spain is the most favorite place for the United Kingdom Nationals looking to move abroad. The data showed that around 350,000 UK expats now live in Spain.

Relocating abroad can be scary when having to consider big purchases for example a house or car. But, those looking forward to make regular payments to another nation can grab the benefits granted by the new foreign money transfer service from the Post Office.

The new Overseas Property Money Transfer service lets regular clients to fix overseas bank transfers at a set exchange rate for up to one year. This will help them to protect against the the currency ups and downs when regularly sending money abroad.

Talking to reporters, the Post Office Head of Money Transfer, Sarah Munro said, “The Post Office Overseas Property Money Transfer service offers customers the ability to fix at a competitive exchange rate, giving them peace of mind when sending money abroad for up to a year. With 0% commission and our competitive exchange rates we will be saving customers a serious amount of money on overseas bank transfers if they are paying a deposit on a new property.”

Customers, who are making use of the Post Office Overseas Property Money Transfer service, can also be reimbursed for any overseas bank transfer charges, which may be imposed by the destination bank when sending money abroad