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Could Brexit be Guy Fawkes in disguise?

  • In In Focus
  • 03/11/2016

Immediately on hearing the news, market impacts were felt.   The shares in FTSE dropped and the pound’s value started to improve against the dollar and the euro.  Uncertainty in the political climate is always going to be bad for the markets and this decision now provides us with more questions than answers.

Theresa May is a supporter of remaining in the EU but since she has become Prime Minister she has fought hard to make sure the will of the British people is carried through following the result of the referendum – indicating the public wanted a Brexit.

This latest High Court ruling could have major ramifications. Consider that parliament objects to Article 50 being triggered.  We know that the whole of the Labour Party and SNP will fight for a new referendum and a good many of the other MP’s may have their own agendas.  The public could be furious.  Brexiteers have been passionate in their support  – and look at what happened in the lead up to the EU Referendum.

This could be just the start of an uprising and could in fact be just the completion of the Guy Fawkes master plan in blowing up the Houses of Parliament.

What does this mean financially for expats?  Good advice is even more important than ever.  Considering what your needs are now and will be in the future.  We might see a spike in the pound’s value and that may be a time to exchange a portion of Currency.  Expats in Spain may be excited about the fact that Brexit might not actually happen but in reality, I cannot see that happening.  In this world though, you can never say never; could you imagine Donald Trump being presidential candidate just two years ago?

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

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How to invest wisely during the Coronavirus meltdown

Mark HollingsworthAt time of writing, global stockmarkets have witnessed some of the largest daily fluctuations since the financial crisis; on the back of continued concerns with the virus and how long it will last and the impact on the global economy.

For new investors this can be extremely worrying times as you will not have been used to such short-term volatility. For seasoned investors who went through the financial crisis of 2008, the technology bubble of 2000 and even black Monday in 1987, the short term pain being witnessed is often seen as a confirmation that although stockmarkets can’t always go up, over the long term, they always have done so.   With this in mind, it is important to remain calm and not change your investment time horizon. If for example you are saving for your retirement ten years from now; then maintain that timescale and don’t panic sell on the back of a matter of weeks of market downturns. The reason for this is that the coronavirus is an unforeseen event as opposed to their being any change to market fundamentals. Parallels can be drawn with the SARS outbreak in 2003. Markets fell over 14% at that time, yet the year ended up 18% higher – a swing of over 30% from bottom to top.

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Expats with regular savings encouraged by new buy-to-let offerings

Terraced HousesGood news for UK expats with regular savings; lenders are introducing more buy-to-let mortgages specially designed to provide for the needs and circumstances of British expats. Until now there has been a shortage of viable deals, despite the fact that demand has been, and continues to be, strong.

Surprisingly, it is not expats from traditional destinations such as France and Spain who are likely to be the main customers of the buy-to-let deals. The United Arab Emirates and Dubai are reported to be the major markets for UK expat buy-to-let mortgages.

However, the mortgages will not be available to all expats. For example, expats resident in Australia, South Africa, Kenya and 89 other countries will be ineligible to borrow from the main provider, Skipton, and as such will have to look elsewhere before using their expat regular savings to make a buy-to-let investment.

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