A Guide To Emigrating And Living Abroad

Jane Wardle

Written by Jane Wardle on December 3, 2018

Updated June 3, 2019

A guide to emigrating

Deciding to start a new life elsewhere in the world is an exciting yet daunting experience. If you’ve got your heart set on emigrating and living abroad, then it can be difficult to know where to start or what to do first.

There is a lot to be done when you move countries, and it is important that you are well organised throughout the entire process. You need to have a plan in place for your big move, which should include everything from what to pack to managing your finances in another country. No matter which far-flung country of the world you are moving to, there a few things you should do to prepare beforehand.
This guide covers everything you need to know about emigrating and living abroad.

Finding Your New Home

One of the biggest decisions you will need to make when you are emigrating is where you are going to move to. The chances are you already have an area, or at least a country in mind for your new home, but you need to choose the property itself before you can do anything else.

Today’s technology has made it easier than ever to find a home abroad without having to travel to the country to look for yourself. Online tools can help you to search the properties available overseas using your specific property criteria.

Whether you are buying or renting abroad, it is important to choose a home that will meet all your needs while you are abroad.

If you ultimately want to purchase a property overseas, it can be much easier and safer to rent for the short term while you settle into your life in a new country. If you decide after a few months that it isn’t right for you, you have nothing stopping you from leaving. If you do decide you love it and want to buy your own home, you will be able to view local properties in person and meet with local estate agents.

Leaving Your Old Home

Selling your home

Selling your home

Not only do to have to choose your new home overseas, but you also need to decide what will happen to your current home in the UK. If you are renting, then be sure to give your landlord plenty of notice of your departure and check your contract for any fees involved with leaving early.

If you are a homeowner, then you will have to decide if you are going to sell or rent out your home while you are away. The process of selling your home can be lengthy, so it is good to get the ball rolling as soon as possible. If you do choose to rent your property while you’re overseas, it can be a great way to make some extra income, but you will need to arrange a managing agent to handle your tenants on your behalf.

If you decide to leave your UK home unoccupied when you move abroad, then you will need to make sure your home insurance will still cover you even though you have moved away and the property is empty.

Consider Your Finances

Sending money abroad

Sending money abroad

When you are moving to another country, there is a lot to consider in terms of finances. First of all, you will need to think about transferring your money into the local currency and how to get the best rates. It is usually best to open an overseas bank account before emigrating, and it is a straightforward process in most countries, although some won’t allow you to do so until you have a residential address.

If you can’t open an account beforehand, then transferring your money directly into it will usually be expensive as you will have to use the bank’s exchange rate.

In most cases, the easiest and cheapest way to move your money into your overseas account is to use a specialist money transfer company. Sometimes transferring all your money overseas can take a bit of time. To cover you while you are waiting for your funds to arrive it can be worthwhile getting an overseas credit card or travel prepaid card. Just make sure you choose one that doesn’t charge fees for use in your new country.

When you move out of the UK permanently you will also lose your entitlement to the NHS. Healthcare requirements abroad will vary from country to country, so be sure to check what you need to do for healthcare where you are moving too.

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