If UK votes to leave EU

January 10, 2016

What will be the affect if UK votes to leave EU?

If the Referendum result is to leave the EU, there will likely be a ‘settlement’ period of at least 2 years.  During this time, Britain and the EU will look at reciprocal arrangements, such as we now enjoy.  If however  Britain denies certain privileges to EU citizens wishing to live in the UK, then those privileges will almost certainly be withdrawn from the ex-pats.

Priveleges affected could be:

The loss of ex-pats’ right to freedom of movement within the EU.

We may be required to have a visa/work-visa to visit/work in mainland Europe.

The European Health Insurance Card would probably no longer be valid – for UK visitors as well!. Health provision under E120 (or S1) rules, could be withdrawn.

Our British state pensions could be frozen, as they are already in many other non-EU countries, such as Australia Canada, South Africa, etc. The law allows freezing of ex-pat pensions, unless reciprocal arrangements are in place. for financial reasons some could be forced to move back to the UK which already has limited housing stock and problems with the NHS. An alternative could be to take local citizenship. Are your language skills good enough for that?

We would probably lose entitlement to UK benefits such as Attendance Allowance, Disability Living Allowance, PIPs, etc.

Winter fuel allowance has already been withdrawn in namely Portugal,  France, Spain.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

How to market to Estate Agents UK

The UK’s property sales and letting industry is quite sizable in both volume of work and those employed within. Some 25 million dwellings in England alone exist and there were estimated to be approximately 55,500 estate agents working in the United Kingdom as of the second quarter of 2024. Up and down the country, in…
Read More →
Letting Agent Talk

Preventative Measures to Reduce the Risk of Emergencies in a Rental Home

Ensuring that a rental home is safe and well-maintained is essential for both landlords and tenants. Emergencies in a rental property can lead to significant stress, financial loss, and potential damage. However, by implementing preventative measures, landlords and tenants alike can reduce the risk of emergencies and create a safer living environment. This guide provides…
Read More →
Estate Agent Talk

Understanding the Metrics Used by Estate Agents to Determine Your Home’s Worth

Determining the value of a property can sometimes feel like a complex process shrouded in mystery. However, understanding the various metrics and considerations that estate agents use to assess your home’s worth can demystify the process and empower you as a homeowner. This blog will provide a comprehensive guide to the key factors estate agents…
Read More →
Breaking News

Breaking Property News 15/11/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Digital transformation of real estate drives profitability Press Release – London 14th November 2024 – Following the October budget, estate agents across the UK are seeking new ways to adapt to an evolving property market. Rising costs and shifting buyer expectations have driven a need…
Read More →
Estate Agent Talk

Labour’s Vision for Homeowners and Renters: Key Changes to Expect

The UK housing market continues to be a complex and often challenging landscape for both homeowners and renters. Labour’s vision for housing reform aims to address longstanding issues in affordability, security, and sustainability, setting out a series of policy proposals that could reshape the property market. Whether you are a homeowner, a renter, or an…
Read More →
Letting Agent Talk

The pros and cons of renting to students: is it the right choice for you?

Student properties are no different in term of quality and facilities than any other type of private rental. And although landlords may have to spend a fair amount on setting up and properly maintaining student lets, they can also charge a good market rent. To help you decide whether letting to students might be worthwhile…
Read More →