Car Insurance to cover vehicle in Spain & UK - Page 2

Kelvin1960 wrote on Wed Oct 14, 2020 5:00pm:

You are not alone in this.

The end of Transition is pushing people to go for Residency earlier than they would otherwise have done.

 

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Similarly, some folks are packing up and returning to the UK. 

Googleberry wrote on Thu Oct 15, 2020 4:55pm:

This is such a difficult situation. We bought a house in Denia 2005 with plans to partially retire 2021. We still want to do so but Brexit is in our way. I will still be working for a global company but my husband will not. We do not want to apply even if we could for residencia due to the red ta...

 

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...pe we have come across before. Is our only choice to reluctantly sell up ?

dinnerout wrote on Thu Oct 15, 2020 5:27pm:

That's a very hard question to answer without knowing all your personal circumstances. However, the rules around Residency have not materially changed, all that has changed is the level of earnings and savings needed to satisfy criteria post 31.12.20

Kind regards, Steve

Googleberry wrote on Thu Oct 15, 2020 4:55pm:

This is such a difficult situation. We bought a house in Denia 2005 with plans to partially retire 2021. We still want to do so but Brexit is in our way. I will still be working for a global company but my husband will not. We do not want to apply even if we could for residencia due to the red ta...

 

Read more...

...pe we have come across before. Is our only choice to reluctantly sell up ?

Kelvin1960 wrote on Thu Oct 15, 2020 5:57pm:

Agree. The rules have not materially changed. Just the money has. 

But we now expect the rules to be enforced - which impacts on holiday home owners who have hitherto bent the rules and "over-wintered" for 4 to 6 months, and used Spanish NHS healthcare.

colin4457 wrote on Thu Oct 15, 2020 9:08pm:

The withdrawal agreement is pretty impenetrable if you don't have a legal mind but it is available on-line (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:C:2019:384I:FULL&from=EN).

As far as I can see, gaining residencia before 1st January 2021 means that you will be able to enter & exit Spain without a visa after the transition period. It is incumbent on the host countries to allow permanent residence to all those who obtain it before the end of this year and who have ...

 

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...been resident for a period of 5 years. I assume this means that there is no obligation on the Spanish authorities to grant permanent residence to others.

In reality, I imagine that residence will continue to be granted after the end of the year - as long as adequate financial resources can be proved.

Cheers,

Colin

Kelvin1960 wrote on Thu Oct 15, 2020 9:12pm:

It is the "adequate financial means" that will be the problem for many people next year. 

The minimum income requirements are expected to increase dramatically for new applications.

colin4457 wrote on Thu Oct 15, 2020 9:23pm:

You may well be right!

Kelvin1960 wrote on Thu Oct 15, 2020 9:41pm:

From memory, from 1st January, a couple will need to be able to demonstrate an annual income of 25-30 K Euros per year to obtain Residency. 

I'm sure someone on here has the correct figures.