I am 69, lived here full time since 2011 and not needed to apply for residency. My rent is £250 per month. I run a small car and live modestly but not frugally. I go out/socialize regularly and have no problem supporting myself. My only income is my monthly retirement pension of just under £900 per month. I therefore fall short of the monthly £1295 qualification for residency! I am sure I cannot be the only single expat in a similar position.
As Boris similarly recently commented 'I would sooner end up dead in a ditch' (but in my case it is merely a figure of speech ) There is absolutely no way I will ever return to the mess that is the UK. I have not lost any sleep over this situation, nor will I. However, given no choice, my only option will be to move to the South However depending on what those useless parliamentarians decide, my move may have to be sooner than later ..........P.S.
60 years or over, and renting property
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- Kibkommer
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- Kibkommer
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Re: 60 years or over, and renting property
wizardofmann, hang in there. There must be thousands just like you who fall just short of the 1295GBP per month income. Not sure your income would stretch very far down south either. Check on the monthly rental there and you will have a bit of a shock in comparison to here. (I notice the two winks, so assume you're not serious in any case??)
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- Kibkommer
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Re: 60 years or over, and renting property
The main body of my post of course is serious. However, the Greek government would have to pay me to live in the south. And, so as not to start a war, there is nothing wrong the people of the south, it's just their government that need a good kick in the nut's!
- waddo
- Kibkommer
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Re: 60 years or over, and renting property
Wizard, Not that I want to discourage you any further because we are in a similar situation but just creep in under the 3 X minimum wage amount - until such time as however becomes UK PM pushes the country into 10 years of depression - but sophie appears to be working off the figures that the BRS published, which are wrong! The minimum wage increased to 3400TL (gross) in August this year, so that gives you a figure of 10200TL (gross) to find - I have already asked the question of the ministry here if we are looking at gross or net and the reply is "Gross" for minimum wage. Your income as stated above will be Net as you will have probably already paid tax on it. Whatever it is keep in mind that at today's exchange rate you will be looking for £1386.15 and not £1295.00.
That is now, this minute. I fully expect that the minimum wage will rise by 10% prior to Sept when our residency is due for renewal, putting the new figure at around 3740TL or in our case 11220TL (£1524.18) at today's rate. That is only if the exchange rate stays the same of course, it could be lower or higher.
I do not think that the Ministry here has realised that even if we could meet 3 times this year, that in 3 years based on progressive minimum wages rise of 10% per year then it is doubtful that many of us could meet it then as our pensions do not rise, annually, as fast as minimum wages will. We could all be on the boat to somewhere else in the future for sure!!!
That is now, this minute. I fully expect that the minimum wage will rise by 10% prior to Sept when our residency is due for renewal, putting the new figure at around 3740TL or in our case 11220TL (£1524.18) at today's rate. That is only if the exchange rate stays the same of course, it could be lower or higher.
I do not think that the Ministry here has realised that even if we could meet 3 times this year, that in 3 years based on progressive minimum wages rise of 10% per year then it is doubtful that many of us could meet it then as our pensions do not rise, annually, as fast as minimum wages will. We could all be on the boat to somewhere else in the future for sure!!!
No matter how hard the past, you can always begin again.
- Keithcaley
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Re: 60 years or over, and renting property
Not that this will help the OP. but I did hear that they will take joint savings & income into account.
I can't remember from who/where at the moment, but I'll let you know when normal brain function returns/
I can't remember from who/where at the moment, but I'll let you know when normal brain function returns/