HI ALL. AS MY BROTHERS SAVINGS IS IN STOCKS AND SHARES AND AN ISA,THE PROBLEM COULD BE THAT MONEY HELD IN STOCKS AND SHARES ARE NOT CLASSED AS CASH.WE THINK THE ISA COULD BE OK.HE HAS ACCESS TO BOTH THESE BUT THERE COULD BE A PROBLEM UNLESS HE CASHES IN THE STOCKS AND SHARES.ANYONE SHED ANY LIGHT ON THIS. MANY THANKS SANDYGEN
Section 11 of Appendix FM SE says that: "11A. In respect of cash savings: (a) The savings may be held in any form of bank/savings account (whether a deposit or investment account), provided that the account allows the savings to be accessed immediately (with or without a penalty for withdrawing funds without notice)."
I think you are exactly right, the money needs to be in an account where it is accessible. He could easily address this and apply again, although he may lose a little money.
HE IS CONTACTING THE BANK TO SEE JUST HOW ACCESSABLE THE FUNDS ARE AND WILL TAKE IT FROM THERE.THANKS FOR YOUR COMMENTS
Sandy, I hope you noticed the content of Post 4 above. This is from the UKVI rule book that they go by. https://www.gov.uk/government/uploa...06_immigration_rules_appendix_fm_se_final.pdf
YES, JOHN,MANY THANKS FOR THAT. WE WENT INTO THE WEBSITE AND GOT A LOT OF INFO FROM IT.REALLY APPRECIATE YOUR HELP.I THINK MY BROTHER WILL GO DOWN THE APPEAL ROUTE,ALTHOUGH SOME PEOPLE SAY IT TAKES TOO LONG AND THAT RE-DOING THE APPLICATION IS QUICKER,BUT £900 IS A LOT OF MONEY TO HAND OUT AGAIN.REGARDS,SANDY
As said, he needs to have the money in a savings account for 6 months so I'm not sure if an appeal would work or be quicker. The whole reason for the savings are that you can use them to live off for 6 months.
hi maharg. I really appreciate your reply.my brother and sister in law are so stressed about this whole thing - its awful.hopefully when he goes to the bank this morning we will be a bit clearer what to do. kind regards sandygen
