Brexit from foreign point of view?

Nic_George

I appreciate the sentiment but in the absence of the leadership making any formal statements we are concerned. He is exercising EU treaty rights to live here and without us being in the EU that right could fall away.

Aze007

It is big uncertainty now. Even bigger for foreign people. Circumstances might chance massively and having big £140 ish grand mortgage knife on your neck might be not an easy one to deal with.

Prothet_of_Doom

Just carry on and perhaps apply for a UK passport.

davidmcn

Not much to go on for countries leaving the EU, but the norm in previous declarations of independence etc is that existing residents can stay - I can't see that being any different here, giving the vast number of EU citizens who are in the UK. Obviously you can still use your Polish passport to travel within the EU.

ScorpiondeRooftrouser

Prothet_of_Doom wrote: »

Just carry on and perhaps apply for a UK passport.

That's not his problem; he doesn't want to stay here permanently. He's asking whether buying a house now is a bad idea if he has to sell it for a loss in a few years when he goes home. unfortunately nobody knows the answer to that.

Aze007

I wanted to stay permanently but I am not sure now. Many things could change in the near future.

The house that I was going to buy was in his peak price already. Nothing really amazing. An average house in fairly good location. I wanted it now only because I am fed up with renting. Wanted to start building my own equity. No kids, current small flat is ok. I might even consider going up north. Better prices though.

If I will buy it now while I am 25 yo I will probably pay it off when I am 45 ish. There will be no difference in monthly cost of living. Same for rent and mortgage.

I think that I will put on hold and see how things will settle. If houses will stay the same thats ok. I will have more savings, higher ISA bonus. Better LTV overall.

I think that I will be better loosing £350,00 in fees rather than putting my self in position with no emergency exit.

SnooksNJ

Aze007 wrote: »

It is big uncertainty now. Even bigger for foreign people. Circumstances might chance massively and having big £140 ish grand mortgage knife on your neck might be not an easy one to deal with.

Or you could obtain British Citizenship like all of us Non EU nationals do. Unless you are Anna Chapman it takes all the uncertainty away.

xpi

I copy my post from the neighbour thread.

We are in the same situation. In our case I am thinking to tell the vendor to wait at least 1 to 3 months (they are not in the chain). If it will still be a dangerous uncertainty around I'd propose a lower price 10% or what would happen to the market till that time. Then I'd just be ready to pull out in case of probable refusal.
But we have our circumstances - we are not UK citizens and come here for a well paid job (and our companies have HQ in EU/US). We can go away if everything starts to fall apart. In this case we are more like investors right now, as we don't know how long are we here.

https://forums.moneysavingexpert.com/discussion/comment/70896483#Comment_70896483

MJ12

Prothet_of_Doom wrote: »

Just carry on and perhaps apply for a UK passport.

For the Life in the UK test, you will need to know that the British people lovvveee daffodils, and that Lewis Hamilton is, in fact, not a professional tennis player for the UK.