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  #1 (permalink)  
Old 22nd January 2020, 09:38 AM
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Default Post Brexit income

It maybe that after the transition period UK nationals will be treated in the same way as Non EU nationals are now treated.

That would mean having to prove an annual income of around 27,000 euros for a single person and 30,000 for a couple.

As an EU national those amounts are around 6,000 euros for an single person, 9,000 for a couple. Significantly different ! In such cases those who do not have sufficient income may need to resort to proving sufficient savings or wealth.

One such proof could be that they own a property in Spain, which has those amounts of equity.

A couple include established common law and same sex couples, as it does now for Non EU applicants.

Applicant will probably need to produce a very recent Nota Simple, that is a certificate from the property registry office, to prove there either no debts registered against the property of after debts, there is sufficient equity.


Last edited by Juan C; 22nd January 2020 at 09:51 AM. Reason: modifying
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Old 22nd January 2020, 09:59 AM
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Originally Posted by Juan C View Post
It maybe that after the transition period UK nationals will be treated in the same way as Non EU nationals are now treated.

That would mean having to prove an annual income of around 27,000 euros for a single person and 30,000 for a couple.

In such cases many may need to prove sufficient savings or wealth.

One such proof could be that they own a property in Spain with those amounts of equity.

A couple would include established common law and same sex couples, as it does now for Non EU applicants.
Are you asking a question? Stating a fact? or just speculating about something that no one knows yet?
There seems to be quite a few posts on this, and other forums, speculating that after the transitional period potential British immigrants will be priced out of Spain.

I haven't yet seen any evidence of Spain's intention to make it more difficult for British immigrants to buy property and spend their money in Spain.

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Old 22nd January 2020, 10:05 AM
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€30k is to get a visa. EU nationals don't require a visa. The question becomes will British citizens require one.

I seriously doubt they'd accept home equity. The money is supposed to be liquid and represents money you can live on.
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Old 22nd January 2020, 10:11 AM
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€30k is to get a visa. EU nationals don't require a visa. The question becomes will British citizens require one.

I seriously doubt they'd accept home equity. The money is supposed to be liquid and represents money you can live on.
I don't know whether it will or won't be accepted, but I could see the logic in it being accepted as someone who has a property to live in and no mortgage or rent to pay would not need as large an income to live on.

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Old 22nd January 2020, 10:13 AM
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Trotter.

I started the thread to avoid confusion in another thread.

It is based on the application of the law as it pertains now to non EU nationals.

That was why I thought I was being careful to avoid misunderstandings by saying, "It maybe that after the transition period UK nationals will be treated in the same way as Non EU nationals are now treated."


Of course there is a possibility UK nationals will be given especial status, but I would not bet on it.


PS From personal experience I can say: Assets have always been accepted as proof of savings, where applicants do not have, or are unable to prove, sufficient income, both for EU and Non EU nationals


Last edited by Juan C; 22nd January 2020 at 10:25 AM.
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Old 22nd January 2020, 10:23 AM
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I seriously doubt they'd accept home equity. The money is supposed to be liquid and represents money you can live on.
Home equity can be converted into liquid funds to live on within the legal framework in Spain as it can in many countries, so I can't see why they should exclude equity from the requirements.
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Old 22nd January 2020, 10:55 AM
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€30k is to get a visa. EU nationals don't require a visa. The question becomes will British citizens require one.



I seriously doubt they'd accept home equity. The money is supposed to be liquid and represents money you can live on.
British citizens WILL require one. Only those registered before the end of the transition period won't. It's pretty obvious since TIEs will be issued to those who register during the transition period. Only visa holders get TIEs.

For a non-lucrative / retirement visa the income requirement is 400% IPREM for the first applicant. IPREM currently (2020) stands at 587.84€ per month, or 6454.03€ per year.

4 x 6454.03 = 25,816.12

Subsequent applicants in the same family have to have 'the required percentage' the specifics of which aren't stated anywhere, but are usually understood to be 100% IPREM.

Therefore a couple would need a combined annual income of 32,270.15

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Last edited by xabiaxica; 22nd January 2020 at 10:58 AM.
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Old 22nd January 2020, 11:46 AM
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A Chinese person cannot buy a small flat in England and then use it to ask for residency. Neither can an American or Russian. After the transition period this will be the case for a Spanish person. So is it likely that an English person will be granted a TIE on the basis they own a holiday flat in Benidorm?

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Old 22nd January 2020, 12:57 PM
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A Chinese person cannot buy a small flat in England and then use it to ask for residency. Neither can an American or Russian. After the transition period this will be the case for a Spanish person. So is it likely that an English person will be granted a TIE on the basis they own a holiday flat in Benidorm?
With respect, this is not a question about UK but Spain.

Under the regulations it has always been allowed for all applicants, including non EU nationals, so Chinese, American, Russian etc to do so.

If when UK nationals are no longer EU nationals, they are treated as Non EU nationals are treated now, then that will not be a problem.
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Old 22nd January 2020, 01:03 PM
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Sorry I'm just trying to highlight the reciprocity which the spanish government and the EU has always insisted on. That being that you don' t receive UK residency based on the ownership of a property if you are a non- EU national so I cant see how a British national, after Brexit, can expect to receive a TIE on the basis of owning a Spanish property
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