New Automatic Visa for Second Home Owners
Or at least the possibility of one!
France’s upper house of parliament has decided to approve a bill giving British second-home owners an automatic long-stay visa right without any formalities.
The bill will be debated by députés (similar to British MPs), at the Assemblée Nationale in December. It can only be finalised and approved after that process.
The idea is that British second home owners will be able to spend more than 90 days out of 180 days (currently the maximum time allowed following Brexit), in France without making a formal application for a ‘temporary long-stay visa’.
British second home owners would then be able to travel freely to and from their second home without having to complete costly and complicated forms for long stay visas.
Until the new bill is debated and finalised we don’t currently know exactly what will be required in terms of proof of ownership, or other documentations to qualify, but it is starting to sound like some good news for those with second homes in France! Watch this space…
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Kind regards,
David Evans
Co-Founder of Cle France.
For everything you need to know about French property visit www.clefrance.co.uk
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Risk event for the Pound next week
Are we there yet?
Yes, is the likely answer.
We may well have reached peak interest rates after the Bank of England hit ‘pause’ last week.
The US Federal Reserve and the European Central Bank did the same (safety in numbers).
So what now?
The coming week will be less about central bank meetings and more about central banker speeches.
The question everyone is asking is whether inflation will keep falling.
The signs are good.
Andrew Bailey, the Guv at the Bank of England, expects inflation to “fall dramatically” when the next month of inflation data is released next Tuesday.
That’s a big call, he sounds mighty confident, I suspect he knows something we don’t.
Watch out for that one.
If he’s right, the Pound could cop a hammering.
The US Dollar got hit late last week on a soft jobs number because it will mean the US Fed can pause for a while.
That’s why I am nervous about the Pound.
We still see range-bound trading as the most likely scenario for now because the central banks are acting in unison.
On that basis, there will still be plenty of opportunities to take advantage of the inevitable ups and downs that occur in currency markets.
So what next, what should you do?
Get ahead of the game and read our Guide to Foreign Currency Exchange.
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We can assist you with your currency requirements, please do get in touch.
You can call us on 01872 487 500.
To learn more or find out our latest rates, click below.
Benefits of using Key Currency:
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Wednesday 8th November 2023 at 10:00
£1.00 GBP = 1.1482 EURO
£1.00 GBP = 1.2250 USD
£1.00 GBP = 1.9066 AUD
£1.00 GBP = 2.0679 NZD
£1.00 GBP = 1.6889 CAD
£1.00 GBP = 1.1049 CHF
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Want to Learn More?
- We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.
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Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.
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Need to Send Money Abroad?
- At Clé France / Key Currency, many of our customers have a need for currency exchange.
- We are pleased to offer our customers favourable exchange rates on international currency transfers.
- As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.
How to Save Money on your foreign currency transfers
- Key Currency can save you money by offering more competitive rates of exchange than your bank.
- Clients can typically save you 3-4% of the total transaction value, which can result in significant cost savings.
- All client funds are held in segregated accounts with top-tier banks keeping your money safe and secure.
For everything you need to know about French property visit www.clefrance.co.uk
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