hi guys, I just need a little help and some reassurance please..a few months ago I became unemployed and I was earning over the financial requirement , so the visa application that i was preparing seemed straight forward..however my circumstances have changed and i think ( fingers crossed ) i've procured new employment and i'm estimating the salary will be between £16,000 - £17,000 per year.. thus falling short of the financial requirement. I have at this present moment £43,000 in cash saving accrued through saving my money..£10,000 of that was gifted to me by my mother about 2-3 years ago.. I do need to get suitable accomodation i.e. 1 bedroom apartment , and i plan to get that when ive at least got 6 months payslips in hand from my new employment. Based on a spouse visa calculator I would need only £22,000 in cash savings I'm just wondering if people have used cash savings as part of the requirement and what was their experience of it? is it straight forward? do you recommend me getting a second job to meet the requirement? I just need some reassurance that its just procedure and if the requirements are met then i should be OK!!
Whichever method you choose to meet the fonancial requirement doesn't matter. The important thing of course is that you have met the financial, which you say you have, so no worries. I haven't personally used savings to process asawas visa but just remember that where you have the savings the account must allow instant access for withdrawal. Good luck.
Thanks I have £28,000 in a natwest current account easily accessible and the other £15000 in special 5 yr saving bond thingy..which would mean a financial penalty of somekind if i withdrawn..i only did that account because that Martin saving expert said that the interest was so good compared to the average ISA that even if you had to withdraw and have the 1 % or 2 % penalty it would still be better than the ISA..I would rather leave it in that account but if push comes to shove then i could just transfer to a normal account
i used state pension + savings. i had sold my house to free up the cash 2 years before the application. i then rented for a while. no problem at all. ( i bought again a year ago--after she got her first FLR )
Or ..the 2nd flr .. Wife's working now...so our combined earnings are on target. But I have extra savings now as well. But who knows what the financial requirements will be by then. Those of us caught in the July 2012 new rules.....the very first ones will be coming up for ILR now. Do they have to show financial requirements again now ?
