Is The Brexit Causing a Rise in Staycations?

We are coming to that time of year when there may be two things on our minds:

* When is the Brexit going to happen and what will it entail?

* Where should we go on holiday this year?

Holidays are important to us, and they can also be expensive depending on what you do, the size of your family, and also your budget.

We work hard all year, and to get a fortnight away from it all to recharge our batteries, seems like not just the thing to do, but we have earned it.

However, for many people who like to holiday in the EU each year, this may soon be changing, due to the Brexit.

Tourism is a big part of the economy in many parts of Europe, and not knowing how or what the outcome will be with a no deal Brexit, is causing both sides of the Channel to worry.

First just looking at the currency exchange rates, and how they are changing more than usual, and also dropping in many instances, the Pound to the Euro.

This makes holidays abroad more expensive, as our money is not going as far as it had in the past.

Then there is the issue if we will need Visa’s to travel abroad.

Currently in the USA they have their ESTA programme or Electronic System for Travel Authorisation. This began in 2010, and prior to travelling to the USA, one must go online, pay a fee of $14, and complete a questionnaire, and await a reply approving/allowing you to enter the United States.

Those with criminal record, and terrorist ties, would be denied.

The questionnaire is quite extensive, and it can take 48 hours or more to receive an approval.

Unfortunately, some form or variation of this type of travel Visa may be implemented to go abroad to the EU, unless our leave agreement has this outlined as to not needing a Visa.

This can put people off travelling abroad.

Then there also is the travel insurance issue.

Even if you have a EHIC/European Health Insurance Card, which are free, you should always carry a travel insurance policy when going abroad.

The questions and concerns regarding having a EHIC and the Brexit is, will these cards still be valid and accepted, and also if they are, will they still be free?

Either way, travel insurance policies may become more expensive, especially if the EHIC system is scrapped for UK citizens.

All of these factors, plus others, which are all unknowns, can be causing many of to rethink our holiday plans, and plan staycations.

Holidays planned for right here in the UK.

There are so many places to go and see. You can go North to Scotland, Sound to the coastal towns, or to the Lake District or Peak District for some camping; or Glamping if you like.

So are we staying here for staycations more than prior to the Brexit?

Yes, we are.

Easyjet recently reported losses due to poor sales for the upcoming holiday season.

CEO of Easyjet, Johan Lundgren stated, “We had hoped for clarity around Brexit at this point of time and that hasn’t happened and that clearly has had an impact on customer demand.”

Whenever people turn on the television or they are looking up news and they go on to websites, they see uncertainty and lot of bad news. There is a waiting pattern for customers.

And Easyjet is not alone, other airlines are reporting slow sales and losses as well.

In fact, staycations have been on the rise ever since the Brexit was announced.

Current research by Vouchercodes shows that a third of us here in the UK will NOT leave the UK “due to Brexit uncertainty”.

The research also showed that on average, staycations cost just over half what a trip abroad would cost, so families can take two staycations to one holiday abroad.

So to answer the question, is Brexit causing a rise in staycations and those choosing to holiday here and not abroad, it appears yes, it is.

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<strong>What is Our Criteria For Applying?</strong> 
Every lender on our website has their own specific criteria by the basics are mentioned below and you must have a guarantor to be eligible. Simply select the lender of your choice and you will be taken directly to their website where you can apply. You will be required to submit your details including:<li style=”text-align: center;” data-mce-style=”text-align: center;”>Name (must be over 18 as the borrow, 21 or 25 as the guarantor)</li><br /><li style=”text-align: center;” data-mce-style=”text-align: center;”>Residence (your chances will improve if your guarantor is a homeowner)</li><br /><li style=”text-align: center;” data-mce-style=”text-align: center;”>Employment status (must be employed or on a pension)</li><br /><li style=”text-align: center;” data-mce-style=”text-align: center;”>Income (earning at least £600 per month and able to make repayments)</li><br /><li style=”text-align: center;” data-mce-style=”text-align: center;”>Monthly expenses (not have too many loans open or in major debt)</li>
You will then be asked to include the details of your guarantor and as mentioned above, this is usually someone who you know and trust and wants to help you with your personal finances. Ideally, a guarantor with good credit will maximise your chances of being approved based on the idea of ‘if someone with good credit trusts you, well we can too.'<strong>How Much Can I Borrow From Guarantor Loans?</strong>Guarantor Loans gives applicants the chance to borrow £500 to £15,000 depending on the lender. Some lenders we feature like Buddy Loans only have a maximum loan value of £7,500 and TFS Loans is the only lender that stretches up to £15,000.Factors that can influence the amount you can borrow revolve around having a good guarantor. One that is a homeowner, with solid employment, income and good credit rating will maximise your chances of borrowing the largest drawdown possible.The lenders featured on Guarantor Loans see a homeowner as someone who has already gone through the rigorous process of credit checking and affordability and if they can afford a house, they should be able to act as a guarantor for you.By comparison, having a guarantor that is not a homeowner offers slightly less security and means that amount you can borrow is slightly less too.Higher amounts may be available to those who already have a better than average credit rating, are homeowners themselves and a repeat customer with the lender who has already paid their loan on time. To apply directly with your lender of choice see <a href=”” data-mce-href=””>direct lenders</a>.<strong>What Does The Guarantor Have To Do?</strong>Upon completing an application, the lender will typically send you a <a href=”” data-mce-href=””>pre-contract loan agreement</a> and SECCI (Standard European Consumer Credit Information form) which will highlight the terms of your loan. You and your guarantor will be required to review the terms of the loan, including the loan drawdown, fees, repayment dates and responsibilities – and this can be signed via an online verification process using your email and mobile phone.The lender will usually carry out an individual phone call with you and your guarantor to ensure that you both understand the responsibilities and what is required of you – notably that if you cannot make repayment, your guarantor will be required to pay on your behalf. Further to some additional credit and affordability checks, funds can typically be transferred within 24 to 48 hours (or sometimes on the same day).<strong>Are Guarantor Loans Available For Bad Credit Customers?</strong>Yes, even if you have a history of adverse credit, <a href=”” data-mce-href=””>CCJs</a>, bankruptcy or IVAs several years ago, you can still be eligible. The idea is that you are using your guarantor and their financial history to ‘back you up’ and give your loan extra security. However, it is noted that your guarantor should have a good credit score and consent to co-signing your loan agreement.<strong>How Soon Can I Receive Funds?</strong>Guarantor Loans works with lenders that can facilitate funds within 24 to 48 hours of approval, or sometimes on the same day.When your funds are successfully transferred, most lenders working with Guarantor Loans will send the full amount to the guarantor’s debit account first. This is a standard security measure carried out by lenders to ensure that the funds are going to the right person and confirms the involvement of the guarantor. The guarantor usually has a ‘two week cooling off period’ where they can decide to pass on the money to the main borrower or they can change their mind and return the funds with no extra charges.