Obtaining a NIE in the UK
This year several of our clients have obtained their NIE numbers in the UK. Here is an extract from an email received from one such client explaining the process and their trip to London:
"We went to the Spanish Consulate in London today. It all went smoothly and the staff were very helpful. In the end all we needed was our passport and to complete a couple of forms. It was really busy and were all packed in a small waiting room.
We were there about an hour and a half and were told we will receive the NIE via email in about 2 weeks. It cost just £6.90 each."
When do you transfer money over to purchase your Spanish home?
The UK’s referendum on continued membership of the European Union presents enough uncertainty to justify a sharply lower British pound.
Goldman Sachs have suggested sterling could fall 20% should the UK vote to leave the European Union while ABN Amro, for example, are warning on the GBP/USD exchange rate falling to 1.25 in 2016 due to Brexit risks.
As always with such unprecedented events, the expected impact on the currency market is an evolving one and up for debate.
And the debate is certainly picking up.
For instance ING argue that markets are overly pessimistic on sterling at this point in time and there is therefore the prospect of a short-term recovery in February.
Barclays have also suggested markets are wrong on their approach to Brexit. In a note to clients, entitled ‘EU Referendum: The Clue is in the Name’ analysts at the British bank say they believe markets may misjudge the UK’s referendum on EU membership in three dimensions:
1) the breadth of its potential impact as a broader European or global risk;
2) the likelihood of a ‘Leave’ vote, particularly the later the date of the referendum; and
3) the likely timing of the referendum and the importance of risk events that will precede it.