Brexit from foreign point of view?

Aze007

Hi to everyone,

Fast majority of this forum is UK born and your opinion is based on it.

I am foreign, came from an EU country 4 years ago.

Been working hard, gathered enough money for deposit, fees & refurbishing.

Currently paid total of £800 ish in fees in my house purchase.

There is no draw contract yet. Seller is still looking for something.
I am 25 years old and I am scared for my future in UK.

If I will go out of purchase I wont hurt anybody. I will lose £800.


This is my plan:

-go out of sale,
-ask mortgage advisor if I can put on hold till next year and do no pay him again £600
-keep renting for next year and keep puting £200 each on ISA account to gather some more money,
-i am not in a big hurry for a house, there is me and my fiance living together in 1 bed flat and its been ok for last 3 years,
-then after year or two decide whether we want to stay and buy or leave the country


We currently paing £550 rent, would be paing £580 mortgage for £139,000 3 bed house in Middlands.

Any thoughts? Please remember that I am foreign.

Eh...

kinger101

I'd be very surprised if the outcome of the referendum meant employers were forced to sack anyone already working here. You should also bear in mind that there are many non-EU nationals who live, work and own property in the UK.

Aze007

I do not worry about being sacked. I do worry about having minus equity in foreign country with worries about jobs amount. Then there will be no way back to my home land.

Miss_Samantha

As it stands, next year you will qualify for permanent residence so I suggest you apply for a certificate as soon as you qualify.
You will then be able to apply for citizenship 12 months later.

At least that will secure your right to remain.

As for the long term outlook, in my view it will depend on whether the UK remains in the common market.

supermario1965

kinger101 wrote: »

I'd be very surprised if the outcome of the referendum meant employers were forced to sack anyone already working here. You should also bear in mind that there are many non-EU nationals who live, work and own property in the UK.

Forced to sack, no! But they should earn at least £35k a year and claim no benefits, just like non EU migrants. I bet this will leave only a few thousands in.

Cakeguts

Aze007 wrote: »

I do not worry about being sacked. I do worry about having minus equity in foreign country with worries about jobs amount. Then there will be no way back to my home land.

Well you wouldn't have been able to guarantee that you would not have negative equity even without Brexit. There is never a complete guarantee that house prices in one country will stay ahead of another country. So Brexit doesn't really make a difference to your decision as to whether to buy or not. House buying is always a risk. Houses prices go down as well as up.

kinger101

supermario1965 wrote: »

Forced to sack, no! But they should earn at least £35k a year and claim no benefits, just like non EU migrants. I bet this will leave only a few thousands in.

Says who? Nothing has been decided. Quite a few employers wouldn't be happy with the arrangement you suggest, not least the NHS.

If you're talking about something Farage has said (quite a few people are for some reason), you might not have realized he's neither an MP or a member of the governing party.

bris

supermario1965 wrote: »

Forced to sack, no! But they should earn at least £35k a year and claim no benefits, just like non EU migrants. I bet this will leave only a few thousands in.

This is the thinking that has forced us out of the EU in the first place. Lies and scare mongering, crawl back under your bridge.

Nic_George

This worries us too. Currently my eu passport holding husband's future living here is questionable.

Bluebirdman_of_Alcathays

Nic_George wrote: »

This worries us too. Currently my eu passport holding husband's future living here is questionable.

No it isn't.

Aze007

Thanks for replies. As I said before, I am not worried about being kicked out of the country. I have never claimed anything and don't need to now.

I do worry about jobs amount, lower living standard, problems on borders when traveling homeland.

I don't really worry negative equity in house purchase in long term. Trouble is if I would buy now and it will go down £10,000-20,000 in a year or two. Plus problems with VISA's and all sort of.

I can still pull out and save another £10,000 in a year time and if prices will fall a bit then I can always try to buy something cheaper with better LTV. Probably...