I am a Belgian citizen living in the Netherlands. I have a nationwide mortgage on my UK property and like many have recently been informed that my current account will be closed on 31 December due to Braxit.
However, it is not yet clear what will happen to my mortgage. The answers to my direct questions about whether it should be disposed of have been answered with unhealthy statements that it is currently being reviewed.
BD, Munstergelin, Netherlands
The forgotten news has raised widespread concerns that customers of some European financial institutions will lose their accounts if they live in a few European Union countries. Banks and building societies seem to be as obscure as their customers are in the dark as they have tried to blatantly evict vague regulations from each EU state.
Nationwide has told me that it is awaiting clarification from the Dutch financial regulator and it has been confirmed that although the country will no longer be licensed to provide savings, current or credit card accounts after the end of the year, your mortgage may continue, provided that the Dutch regulator Debit is paid directly from any licensed bank account.
It said it was still unclear whether it would be forced to close customer accounts in other member states.
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