No foreigners need apply!
Discussion
other way around: if you're proper Inglish (Al Murray) with British Passport, Licence and a long term UK address but are currently residing abroad you'll pay nearly twice a UK local pays for insurance on any UK car you have. Logically flawed, but few underwriters assess that risk so premium is high.
Remember a mention of high end cars being leased and rented, then driven straight out of the Country (including Holland and Germany) during the Bosnia conflict never to be seen again. I was in Bosnia at the time and can confirm some weird sights, i.e. people scrambling in bins for food or clothes, followed by a new Porsche Turbo on UK plates being ragged down snipers alley
KFC said:
Political correct nonsense.
OP, back in the real world, would you want to lease a car to some bloke from Ukraine with no real ties here and no chance whatsoever of you recovering any money if he goes home with the car and defaults?
Residency status, if not nationality, does seem to be an issue in auto loan reporting; the BoE loan level data reporting template for auto loans has a field for residency (<3 years, >= 3 years, not resident). This is data intended primarily for assessment of the underlying credit risk of the loan pool.OP, back in the real world, would you want to lease a car to some bloke from Ukraine with no real ties here and no chance whatsoever of you recovering any money if he goes home with the car and defaults?
otolith said:
hi test
Residency status, if not nationality, does seem to be an issue in auto loan reporting; the BoE loan level data reporting template for auto loans has a field for residency (<3 years, >= 3 years, not resident). This is data intended primarily for assessment of the underlying credit risk of the loan pool.
Residency status, if not nationality, does seem to be an issue in auto loan reporting; the BoE loan level data reporting template for auto loans has a field for residency (<3 years, >= 3 years, not resident). This is data intended primarily for assessment of the underlying credit risk of the loan pool.
Andy Zarse said:
So explain how can anyone who is non British possibly hold a British passport? Thus all foreigners excluded.
I'm Dutch, i've been here 9 years, but as i already hold dual nationality (Dutch & Egyptian) i've never applied for British citizenship, as i don't really need it for anything.The only thing i've missed out so far was voting a few weeks ago, as you have to be a British citizen for that.
I've got a Dutch mate who also lives here, but who has applied for and got British citizenship through naturalisation, he therefor was allowed to vote and can apply for a British Passport.
Kiran Kumar said:
otolith said:
hi test
Residency status, if not nationality, does seem to be an issue in auto loan reporting; the BoE loan level data reporting template for auto loans has a field for residency (<3 years, >= 3 years, not resident). This is data intended primarily for assessment of the underlying credit risk of the loan pool.
Residency status, if not nationality, does seem to be an issue in auto loan reporting; the BoE loan level data reporting template for auto loans has a field for residency (<3 years, >= 3 years, not resident). This is data intended primarily for assessment of the underlying credit risk of the loan pool.
Andy Zarse said:
I have no issue with assessing residency status. None at all. I do have an issue with discrimination solely on the basis of nationality. It has been 100% illegal in this country for over forty years. To make matters worse, it turned out the lender at fault was bloody French. Yes, I know!!
You seem to be happy to completely ignore the fact that handing a set of car keys to a foreigner with 3 months lease up front is horrifically more risky for the lender though. Or is it just their tough luck if they lose a few cars to Bosnians and Poles taking them straight home?KFC said:
You seem to be happy to completely ignore the fact that handing a set of car keys to a foreigner with 3 months lease up front is horrifically more risky for the lender though. Or is it just their tough luck if they lose a few cars to Bosnians and Poles taking them straight home?
Why do you think that foreign nationals who have lived in the UK for years are more likely to steal a car than British nationals?KFC said:
Andy Zarse said:
I have no issue with assessing residency status. None at all. I do have an issue with discrimination solely on the basis of nationality. It has been 100% illegal in this country for over forty years. To make matters worse, it turned out the lender at fault was bloody French. Yes, I know!!
You seem to be happy to completely ignore the fact that handing a set of car keys to a foreigner with 3 months lease up front is horrifically more risky for the lender though. Or is it just their tough luck if they lose a few cars to Bosnians and Poles taking them straight home?Would you think it acceptable to advertise your house for rent and put "British only please" because you don't want foreigners who'll rip up the Axminster and Pogenphol kitchen and cart it off to Umbungoland. What bit of breaking the law are you failing to understand here?
Meoricin said:
Why do you think that foreign nationals who have lived in the UK for years are more likely to steal a car than British nationals?
The longer they've been in UK, the less likely it is. Foreigners are far more likely to move back home than born and bred Brits are to move abroad. So its perfectly reasonable to assume you're taking more risk with the foreigners. Even if they don't deliberately steal the car, they could just abandon it and stop making the payments. I've seen Brits who did manage to finance cars here just walk away from the agreements when they went home, as they knew full well nothing was going to happen to them because of it. They didn't steal the cars, they just dumped them at the lease company office so its firmly in the 'civil' area rather than a crime and zero is done about it.
Andy Zarse said:
Would you think it acceptable to advertise your house for rent and put "British only please" because you don't want foreigners who'll rip up the Axminster and Pogenphol kitchen and cart it off to Umbungoland. What bit of breaking the law are you failing to understand here?
Common sense would tell you not to advertise 'no nigerians', even if you plan to discriminate. But I certainly wouldn't rent my UK house to a single Nigerian bloke. As I can't be bothered with the risk of potentially dealing with all the fallout of his credit card frauds for the next 6 months. I'll take the low risk option of renting to some bloke who's never left the UK and far less likely to go anywhere, thanks.Like I say I've been on the receiving end of similar as a foreigner abroad... I have absolutely no problem with it. Yes I know its not legal, but I don't care as I can fully understand the point of view of the guy renting me a villa. He wants 6 months deposit because he knows he's on a hiding to nothing if I stop paying or just vanish.
Medic-one said:
I'm Dutch, i've been here 9 years, but as i already hold dual nationality (Dutch & Egyptian) i've never applied for British citizenship, as i don't really need it for anything.
The only thing i've missed out so far was voting a few weeks ago, as you have to be a British citizen for that.
I've got a Dutch mate who also lives here, but who has applied for and got British citizenship through naturalisation, he therefor was allowed to vote and can apply for a British Passport.
Don't forget you can vote in local elections, devolved govt, Mayoral and EU elections. The only thing i've missed out so far was voting a few weeks ago, as you have to be a British citizen for that.
I've got a Dutch mate who also lives here, but who has applied for and got British citizenship through naturalisation, he therefor was allowed to vote and can apply for a British Passport.
http://en.wikipedia.org/wiki/Right_of_foreigners_t...
So you did miss some of your voting rights...
Vaud said:
Don't forget you can vote in local elections, devolved govt, Mayoral and EU elections.
http://en.wikipedia.org/wiki/Right_of_foreigners_t...
So you did miss some of your voting rights...
Yea i did vote local, just couldn't vote in the general elections. http://en.wikipedia.org/wiki/Right_of_foreigners_t...
So you did miss some of your voting rights...
KFC said:
Meoricin said:
Why do you think that foreign nationals who have lived in the UK for years are more likely to steal a car than British nationals?
The longer they've been in UK, the less likely it is. Foreigners are far more likely to move back home than born and bred Brits are to move abroad. So its perfectly reasonable to assume you're taking more risk with the foreigners. Even if they don't deliberately steal the car, they could just abandon it and stop making the payments. I've seen Brits who did manage to finance cars here just walk away from the agreements when they went home, as they knew full well nothing was going to happen to them because of it. They didn't steal the cars, they just dumped them at the lease company office so its firmly in the 'civil' area rather than a crime and zero is done about it.
Andy Zarse said:
Would you think it acceptable to advertise your house for rent and put "British only please" because you don't want foreigners who'll rip up the Axminster and Pogenphol kitchen and cart it off to Umbungoland. What bit of breaking the law are you failing to understand here?
Common sense would tell you not to advertise 'no nigerians', even if you plan to discriminate. But I certainly wouldn't rent my UK house to a single Nigerian bloke. As I can't be bothered with the risk of potentially dealing with all the fallout of his credit card frauds for the next 6 months. I'll take the low risk option of renting to some bloke who's never left the UK and far less likely to go anywhere, thanks.Like I say I've been on the receiving end of similar as a foreigner abroad... I have absolutely no problem with it. Yes I know its not legal, but I don't care as I can fully understand the point of view of the guy renting me a villa. He wants 6 months deposit because he knows he's on a hiding to nothing if I stop paying or just vanish.
"Even if they don't deliberately steal the car...". Jesus H Christ chairing a BNP conference, it's like you think it's a foregone conclusion the swarthy thieving foreign f
kers will have it crated up at Felixstowe before the ink is even dry on the lease agreement, and if they don't it's an unexpected bonus.Nor do I give a stuff what you've been on the receiving end of abroad; we have certain standards, and laws, in this country. It is reasonable to expect them to be met by major financial institutions together with those set out by the Regulator.
Presumably the same EU rules and regulations apply here in Portugal!
I think too often common sense goes out the window the second someone even thinks about playing the race card.
It shouldn't take a phd in statistics to work out that handing over a car to a foreigner with no real ties to the UK, who could go home at any minute, involves significantly more risk.
I think too often common sense goes out the window the second someone even thinks about playing the race card.
It shouldn't take a phd in statistics to work out that handing over a car to a foreigner with no real ties to the UK, who could go home at any minute, involves significantly more risk.
KFC said:
It shouldn't take a phd in statistics to work out that handing over a car to a foreigner with no real ties to the UK, who could go home at any minute, involves significantly more risk.
A foreigner with no real ties to the UK won't have a credit rating here, won't have long-established residency, or UK employment history. All of those things are relevant criteria.If however someone is a Dutch national, maybe even married to a UK national, with ten years living in the country, a good credit rating, and has been with their employer five years... what on earth would make them riskier than anyone else?
Or in your view, does someone not have any real ties to the country unless they have that country's passport?
KFC said:
Presumably the same EU rules and regulations apply here in Portugal!
It shouldn't take a phd in statistics to work out that handing over a car to a foreigner with no real ties to the UK, who could go home at any minute, involves significantly more risk.
So you'd be quite happy if everybody refused to do any kind of non-cash-up-front business with you, there in Portugal, purely on the grounds that you're João Foreigner, and therefore utterly likely to do a runner and rip 'em off at the first opportunity?It shouldn't take a phd in statistics to work out that handing over a car to a foreigner with no real ties to the UK, who could go home at any minute, involves significantly more risk.
TooMany2cvs said:
So you'd be quite happy if everybody refused to do any kind of non-cash-up-front business with you, there in Portugal, purely on the grounds that you're João Foreigner, and therefore utterly likely to do a runner and rip 'em off at the first opportunity?
If they straight up refused to give me any sort of credit or trust whatsoever, I'd think its a bit weird. But I absolutely accept that me being foreign adds to my risk profile, and I should expect to either pay more, or pay up front, to insure against it. Like it or not... as a Brit here with no family and no genuine connections... i'm way more likely to just up sticks, go back home and f
k everyone over who I owe money to. I'm not going to do it... but the numbers say its more likely.I experienced this a few years back but not straight out refusal. I had applied for a joint mortgage with my partner and it all went through. We were then told to submit identity documents. Once they saw my foreign passport, they went from approving an 85% loan to saying they could only give 65%.
We wrote to their underwritters and luckily we got a human being who saw that were stuck and about to lose thousands of pounds. The underwritter reversed the loan back to 85% and all was okay.
I like threads like this cause it always brings out the BNP in people.
We wrote to their underwritters and luckily we got a human being who saw that were stuck and about to lose thousands of pounds. The underwritter reversed the loan back to 85% and all was okay.
I like threads like this cause it always brings out the BNP in people.
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