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Expats can stay strong in face of Brexit

However, these are the salient points to keep in mind:

  • Blacktower’s clients should be reassured that for now they retain the same residency status and healthcare benefits as they did prior to the Brexit vote.
  • Tax treaties, investments and financial arrangements are not dependent on the EU but on both individual wealth management firms and individual member states, Blacktower’s members should feel confident in moving towards the future.
  • Blacktower is in a strong position to take advantage of any volatility in the market and expects to be able to benefit from any opportunities which present themselves, such as the ability to make favourable purchases of high quality companies with solid dividends.
  • Blacktower operates right across the EU, including France, Spain, Italy, the Netherlands, Portugal, the Canary Islands, Gibraltar, Grand Cayman as well as the UK. In the short to medium term our wealth management services and financial advice will not be affected by the Brexit vote and we look forward to serving the needs of our clients whatever the future may hold.

For contact details and to arrange to speak to your local IFA please see our country by country location pages. To fill in a contact form, please click here.

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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