I found this article just recently and although it was first published in June the advice holds true. For any British expats who have decided that living in Spain or anywhere abroad is not for them, there are a number of financial considerations, particularly if you have been away for some years.

“Financial difficulties when you get back can stem from a range of things, such as not having a credit history and no representation on the electoral roll to finding yourself charged a higher rate of interest on a mortgage than you may have been if you had been in Britain all along.”

To help re-establish your credit history, an offshore account with a bank with a strong UK presence is a good idea, or why not have one of these all along? If you are looking for a mortgage be aware that some lenders have special products for returning expats, AND also make sure you get yourself back on the electoral role asap.

Other recommendations if you are planning for the future, are that you try to maintain a bank account in the Uk while you are abroad and if possible even a buy-to-let property which, however small, will keep you in touch with the UK housing market.

I found this all useful advice, as whilst we all want to live the Spanish dream etc. for some it doesn’t work out as planned for any number of reasons.

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