I am a Belgian citizen living in the Netherlands. I have a mortgage on a property in the UK, like many, I was recently notified that my current account will be closed on December 31 due to Brixi.
However, it remains unclear what will happen to my mortgage. Direct questions on my part as to whether it would have to be settled were answered with an unhelpful statement that this is currently under review.
BD, Munstergeleen, Netherlands
The late news that clients of some UK financial institutions would lose their accounts if they lived in some European Union country caused widespread concern. Banking and association building It seems that they were in the dark like their customers as much as they sought to devise ambiguous regulations specific to each of the European Union countries.
Nationwide told me it was awaiting clarification from the Dutch financial regulator and has since confirmed that although it will no longer be licensed to provide savings accounts, checking accounts, or credit cards in the country after the end of the year, your mortgage can continue, provided it is paid Direct debit from a bank account authorized by the Dutch regulator.
She said it was still unclear whether she would be forced to close client accounts in other member states.