• Mortgage Tree

Fall in EU movers to the UK following Brexit vote

European home movers snub the UK post-referendum due to uncertainty over freedom of movement



The UK has fallen out of favour with home movers from the European Union since the referendum, according to reallymoving.


The removals firm found that the the UK accounted for only 22% of all home movers leaving the EU in March 2019, compared to two thirds (66%) in June 2016.


Analysis of over 100,000 international removals quotes by the firm demonstrated a ‘clear drop in intent to move to the UK from the EU’ since June 2016 and notable increases in moves within the EU (excluding the UK) and from the EU to the rest of the world.


Global appeal

While the proportion of all inward moves to the UK coming from the EU has fallen significantly, from 42% in June 2016 to 23% in March 2019, moves within the EU have increased from 18% to 28% and moves from the EU to the rest of the world have rocketed from 16% to 49% over the same period.


There’s also been a decline in the share of moves to the UK from other European countries outside of the EU, from 9% in June 2016 to 2% in March 2019.


Rob Houghton, CEO of reallymoving, says: “The Withdrawal Agreement, as it stands, would bring the free movement of people to an end, making it more difficult and expensive for EU workers to come to the UK. This has clearly had a significant impact on the decisions people have made about where to settle over the last almost three years, dramatically reducing the flow of people from the continent into the UK.


“Uncertainty over our jobs market and the rights of EU workers in the UK, as well as British citizens in Europe, is encouraging EU residents to look for opportunities elsewhere, in countries where they can settle without the risk of upheaval in the near future.


“Meanwhile, movers from the rest of the world now account for three quarters of all moves to the UK.”


Article by Christine Hoghton for www.yourmortgage.co.uk


#EU #Brexit #homeowners #mortageadvice #mortageadvisor #freedomofmovement

Stay Connected...

Home

Mortgage Calculator

Mortgage Tree - Mortgage Advisors York - Services & Standards

Mortgage Tree offers a nationwide mortgage broking service from our base near York, North Yorkshire. We specialise in mortgages and insurance. Whether you are a first time buyer or you are a buy to let investor with multiple properties, Mortgage Tree will ensure that you get the best products available.

We are a Whole Of Market broker which means that we will choose the best, most suitable mortgage for you from the hundreds available on the UK mortgage market. Our network also gets special discounted deals from lenders available only to our network.

We also provide insurance cover that will give you & your loved ones a blanket of protection that is so vital. We will endeavour to give you the best service that we can at all times.

Mortgage Tree is an appointed representative of Julian Harris Mortgages ltd which is authorised and regulated by the Financial Conduct Authority. Our FCA no. 304155

The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. BUY TO LET (PURE) AND COMMERCIAL MORTGAGES ARE NOT REGULATED BY THE FCA.

Legal 

© 2020 Mortgage Tree | Built by Elle Nelson Design