Expat Uk News

Latest 10 news items tagged Uk

22 Jul at 6 PM 2016

Brexit puts a damper on Britons retirement plans

Brexit’s shock result has all but wrecked the retirement plans of many Brits due to freedom of movement insecurity and possible financial planning chaos. The biggest question mark threatening the retirement plans of a fair proportion of older Brits is the ability to settle legally in one of the many European expat destinations. Although, just a month after the referendum took place, there seems to be a slight easing of doom and gloom as regards freedom of movement, the risk of losing everything is still there. Even more of a risk...
22 Jul at 6 PM 2016

Post Brexit plummeting pound spurs surge in expat mortgage demands

Mortgage enquiries from overseas buyers as well as UK expats living overseas have surged since the Brexit result triggered a fall in sterling. Prospective buyers are emerging from Europe, the Middle East and the Far East, with the renewed interest in purchasing UK property down to five key Brexit-related issues. UK property has always been a popular form of investment due to the fundamental strength of the market, and is considered a relatively safe haven in uncertain times. The 50 per cent upswing in demand for UK mortgages is...
21 Jul at 6 PM 2016

Expats dual nationality petition calls for Spanish peoples support

A petition calling for access to joint nationality for Brits living in Spain is now calling for Spaniards to sign in support of the initiative. In yet another attempt to regularise their post-Brexit situation, Britons living, working and retiring in Spain are asking the Spanish people to join with them to ensure a future for both expats and the businesses supplying them. Over 15,000 expats have signed in the two weeks since the Olive Press English language newspaper publicised and sponsored the move. It’s clear to most of the...
20 Jul at 6 PM 2016

Survey suggests ten best comfort zones for overseas retirement

Retirement overseas means different things for different people, but the essentials remain the same when searching for an affordable comfort zone. Given the political chaos spreading across the Western world, it’s no surprise that more and more people are looking for an escape hatch to exotic climes. Essentials aren’t likely to be as they were in the home country, but neither are the stresses of living in uncertain times. Affordability as regards cost of living and real estate, acceptable, accessible health care, low crime...
20 Jul at 6 PM 2016

Brexit legal challenge gets October High Court hearing

The first of several court cases brought by prominent London legal firms on behalf of Remain clients has resulted in a High Court hearing in October. The focus of the current action and several more yet to be brought is to ensure the British government is unable to trigger Article 50 without parliament’s full authorisation. Should judgement at the High Court hearing go against the plaintiffs, the October hearing date allows time for an appeal to be heard before the expected invoking of Article 50 due on January 1 2017. The October...
19 Jul at 6 PM 2016

UK expat meeting with Amsterdam mayor brings hope

During a meeting with around 200 concerned UK expats living in Amsterdam, the Dutch city’s mayor gave a ray of hope and advised them not to give up their UK passports yet. Amsterdam mayor Eberhard van der Lann told the assembled expats it wasn’t necessary at present to exchange British nationality for the Dutch option, as he and all Dutch people would do everything possible to minimise any post-Brexit changes. Applying for a Dutch passport, he said, isn’t even necessary at the present moment as a clear path to leaving has yet to...
19 Jul at 6 PM 2016

British expats on Cyprus still waiting for their own cemetery

For years and in spite of an agreement, British expats living in Cyprus have been waiting for a dedicated cemetery and crematorium. Following endless debates involving the Cypriot government and Cyprus’s branch of the Greek Orthodox religion, an agreement was finally made, but no implementation has yet taken place. The reason behind the mysterious delay is anyone’s guess, but is believed to be connected with certain local influences, a loss of revenue to existing facilities and a clash with local cultural beliefs. Even more...
18 Jul at 6 PM 2016

Expats in Nice refuse to let the atrocity drive them out

Following the devastating terror attack on Bastille Day, British and Irish expat residents are defiantly stating they’re staying put and going nowhere. France’s third terrorist attack during the past 18 months has failed to deter expats from the UK and Ireland from getting on with their lives in the popular Mediterranean seaside resort. Many own hospitality businesses and are determined not to let the atrocity affect their chosen lifestyles. Dubliner Barry Gallagher’s pub sits just one street back from the wide, beachside...
15 Jul at 6 PM 2016

US Treasury threatens UK expat bank account closures for non FATCA compliance

It’s not just USA citizens who’re living a nightmare due to FATCA, as British expats living in the USA are now being threatened with closure of their UK bank accounts if they don’t comply. As FATCA continues to tighten its claws on American expats living across the world, UK expats working in the USA are facing the closure of their British bank accounts as a result of the recently introduced, draconian law. Brits living in the USA are forced to submit a folder-full of forms in order to convince the IRS that they’re paying the...
15 Jul at 6 PM 2016

UK expats in Spain warned to watch out for financial fraudsters

In spite of frequent warnings, tales of financial fraud and endless on- and offline articles, rogue pension and investment FAs are still rife in British retirement destinations. For decades, Spain has been a favourite with British retirees who’ve had enough of the UK’s dreary weather and escalating cost of living. Around 300,000 escapees from the UK are living a new life in the sun and stretching their state pensions to cover expenses. Sadly, this happy band of expats is as much at risk of being cheated out of their life savings as...