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Euro vs Pound – Brexit Impact

When judging the likelihood of a Brexit I prefer not to listen to polls as they never seem to get it right.  Currently, polls are showing 50-55% to stay in and 45-50% a Brexit depending on which one you look at.  I prefer to look at what the real experts are saying, the guys who put their money where their mouths are and use every resource and data available.  These are the bookies!  Both William Hill and Paddy Power are offering odds of 1/3 that the UK will stay in and 9/4 for a Brexit.  This averaged out indicates around a 30% chance of the Brexit happening.

When investing I try to eliminate extra risks for my clients so it is best to keep things simple.  If you hold Euros and live in Spain, invest in Euros.  If you hold Sterling invest in Sterling and do not change for change’s sake as this will just create additional costs and risks that are not needed.

I have been a fully-qualified financial adviser for 28 years and also understand the needs of expats and the rules that apply to ex-British living and retiring in Spain. So if you need to talk through your own situation then please feel free to contact me and we can have a no obligation discussion about the best way forward for your investments. Get in touch by filling in one of our contact forms.

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.

Other News

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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Banks competing for ex-pat money

I had a little laugh to myself this week reading some news from the UK. It appears that the banks may have developed a bit of a conscience.

Despite base rate remaining stagnant, there are signs that banks are competing for savers’ money by trumping deals offered by rivals. I have outlined some of the offerings below, read it and weep.  We at Blacktower would be ashamed if we were only offering the sadly low returns that the Banks are.

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