The only lesson of the 6 -month extension to leave the EU agreed this month, is that despite all the speculation of a hard Brexit if May Brexit agreement is rejected, the real alternative is to remain longer in the EU. There has never been a majority for a hard Brexit, either in the British Parliament or in the population. The reason is that most British understand the need to maintain strong commercial ties with the residents of the United Kingdom: the geographical position of the United Kingdom makes it obvious.
Then the future options are:
a) May Brexit,
B) A softer customs union brexit backed by the opposition Labor Party
c) Stay in the EU if a second referendum stops brexit
So, at least a messy hard brexit will not happen.
More business options for business
All media stories scare the consequences of hard Brexit, such as shortage in stores, the value of the pound or difficulties to travel for summer holidays can be set aside. When companies realize that uncertainty is among more “business friendly” options, hopefully, investment and normal business course will also resume.
The involvement for buyers of the United Kingdom’s house wants to buy in France
As we said 1 year ago, only in the case of the current Brexit de May agreement,
French residence or buy a house -The no changes in the residence or the purchase of the house until the deadline of December 31, 2020. The worst case after that would be to obtain a 1 -year Sejour letter to become residents as nationals that are not from the EU. As not resident, I would always have the right to buy a house to use as a vacation house.
Medical care and pensions – The same residence rules apply to access to benefits. However, it is better to pass at least 6 months in France as a resident before the deadline of December 31, 2020. Losing the deadline does not mean losing access to these benefits, but there will be more steps and obstacles than to pass after Brexit.
Mortgages -It is expected that banks will finance 50-70% or a housing purchase by the United Kingdom nationals after Brexit or 80% currently. With the low historical interest rates in France, this is an opportunity not to get lost.
Taxes –The bilateral tax treaties will continue so that changes are not expected. The United Kingdom French Tax Treaty ensures that people are not taxed twice on the same income.
So, in the same way that people can relocate from countries that are not from the EU, such as Switzerland and Norway to France, the British can still buy properties and live in France, even if the United Kingdom is no longer part of the EU.
