rubarb

After reading the financial requirement document for rental income, If the full amount of rent is paid into a bank account and declared then the gross (pre-tax / pre-agent fee) amount can be used.
 
I have a couple of questions about the cash savings method.. 
 
I read that regular bank statements must be issued for stocks and shares ISA however my ISA with one of the large high street banks only sends out an annual summary booklet, does this mean I need to transfer funds into an account that provides regular bank statements?  
 
Also, to be able to prove the funds are declared will I need to show backdated tax returns for the equivalent of the cash savings? (I do have the tax returns but I would need quite a few years worth of returns to account for all the savings amount, maybe 5 or 6 years returns?)
 

Thank you TOG you help alot and no doubt i will be asking you more questions before i submit the visa
Thanks for your help

Following on from our PM exchange the specific guidlines are:
 
6.5.1 (a) To evidence property rental income:
(i) Confirmation that the person or the person and their partner jointly own the property for which the rental income is received, through:
(1) A copy of the title deeds of the property or of the title register from the Land Registry (or overseas equivalent); or
(2) A mortgage statement.
(ii) Personal bank statements for or from the 12-month period prior to the date of application showing the rental income relied upon was paid into an account in the name of the person or of the person and their partner jointly. The bank statements should cover the period for which the income is relied upon.
(iii) A rental agreement or contract.

Thanks rasg

You need to download the latest guidelines to check what is needed. I got my online bank statements stamped and dated by the bank. If you can't get that done a letter from the bank validating the statements is needed. If your bank statements are originals that were posted to you they should be fine. Some people don't bother and all is fine but I wouldn’t take the chance.

I believe all they look at is the gross figure. Money that has been going in your account for the last 12 months without taxable receipts.

Why would you submit the gross figure? You must have costs from wear and tear etc which you should be able to offset against tax etc.

Yes i submit to the British IR and my bank statements are also from a British bank. Its all very complicated lol

Or maybe i am looking to much into it all

Do you submit a self assessment form to the British IR? If you are using bank statements from your Thai bank account presumably it will be net income not gross.

I got married in September last month with no problems. Me and tbe missus did all the paperwork ourselves and it was straight forward just alot of running about going from A to B but no problems anywhere.

Sorry. I don't want to hijack the thread but what "rules"?
 

Hi

Im doing a settlement visa for my wife and her son and have been told by a agent we are thinking of using that i need bank statements and a bank certificate

No problem with bank statements i have 12 months bank statements but i have never heard of a bank certificate.

I went to the bank to ask about a bank certificate and they were non the wiser either.

Can anyone help and tell me what a bank certificate is or have other people just handed in bank statements and got a visa

Thanks in advance

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Presumably you submit accounts to the Inland Revenue and pay tax on your earnings? How do you pay tax etc if you don't? I am self employed and my accountant prepares my accounts and the tax man gives me an SA302 which I have to submit, along with bank statements etc.

Thanks theoldgit
Can you tell me also if all i need is a 12 bank statements or do i need a bank certificate from the bank stating its my bank and how long i have had the bank account. I have not heard of this before but have been told i need it as part of my application

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As I understand the requirement the gross amount of the rental income can by used unless the supporting bank statements show the income after tax. Also read 6.5.1 which details the specific evidence required.
I have to stress that this is only my opinion, I'm not really up to speed on property rental income.


Appendix_FM_1_7_Financial_Requirement_Final.pdf

Hi

I have to houses i rent out in the uk and want to use them for a settlement visa

Im just asking if they take the full rent into account before tax deductions or after deductions

Thanks for your help

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Unfortunately being a taxi driver and dealing in cash everyday i dont put my money in the bank every week
I have been told if i dont put 50% or more of my money i earn in to the bank every week I'll probably get turned down with a settlement visa.

The way ive been told is to go down the unemployed income root through my house rentals and savings.
Hopefully thats the better and easier way for me

If you are self employed, earn over £18,600 pa and submit annual accounts it's pretty straightforward. I just emailed the guidelines to my accountant and let him sort it out. Cost me £100.

Im relying on savings and house rental income.
It seems the better option for me as im self employed and i believe its a lot harder with paper and bank statements being self employed

That's right. All you need to show is that you have sufficient funds for a visit visa. A settlement visa is a totally different thing.  
 
Presumably you are relying on the £62,500 savings route to get the settlement visa and you don't have an annual income of £18,600?

To me that sounds like its ok to have them in premium bonds but to be on the safe side I'll just transfer them to my bank account for 6 months bank statements then after the visa application just return to premium bonds

These are the requirements for cash savings:
 
The following table illustrates all the requirements that must be met:
Summary of all the requirements that must be met for funds to be considered as cash savings held in a current, deposit or investment account
1
The bank/savings account is a current, deposit or investment account
2
The account is held is a financial institution regulated by the appropriate regulatory body for the country in which that institution is operating
3
The financial institution is not on the list of excluded institutions under the Immigration Rules
4
Regular bank statements are provided
5
The statements cover the necessary time period required in the Immigration Rules
6
The savings are held in cash (or their cash value is clear)
7
The savings can be immediately withdrawn (with or without penalty)
8
The funds are under the control of the person and/or their partner for the necessary time period required in the Immigration Rules
9
The source of the funds is legal
10
The source of the funds has been declared

Thanks for all your replys
It seems true i have to transfer my premium bonds savings to my normal bank 6 months before trying for a settlement visa
It seems ok to have them for a tourist visa application but not a settlement visa.

Some posts removed or edited, this forum is for visa questions, not the advantages of holding Premium Bonds.

Ive been told by a visa company that it has to be in a normal bank account so its accessible straight away as the visa application asks that

13 hours ago, Chelseafan said:

Who told you that they won't accept this as proof of savings ?

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I have been told i can not show them as savings for a settlement visa i need to put into a normal bank account.
I would of thought i could show my paperwork for the visa showing my savings in premium bonds

Also what are the total fees for a uk visa altogether thank you

Hi

Im doing a settlement visa for me and the wife and have heard i can not show my savings in premium bonds it has to be in a normal bank account

Is this true please

Thank you

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Thanks for the reply balo
Much appreciated

She will still get a visa unless she has a criminal record. Old debt got nothing to do with it.
Let's hope she is not asking you to pay the loans, not uncommon in Thai/Farang relationships. 

Yes your right Briggsy my wording is not good she has a poor credit rating in Thailand. Poor credit rating should not be a problem for a Visa?
Thanks for your answers

It appears she has a poor credit rating in Thailand. I think "blacklisted from the UK" is the wrong term. I don't think this will prevent issuing of a UK settlement visa.

Thanks for the reply
It is in thailand she failed to pay as she could not afford the repayments.
It must be a finance loan from the bike shop.
She said they will take her to court about paying it and that she will blacklist her from banks so she will not get no more loans or finance

In which country did she fail to pay her motorbike finance?
 
Which entity do you think may have 'blacklisted' her? 

Thanks for the reply
She says blacklist as she can not get a loan or anything from a bank so i just worry it will be a problem for a visa

Unless she has a criminal conviction because she was convicted of fraud, I doubt it, I don't know if they enquire into the possibility of County Court Judgements, which are civil.
 
What do you actually mean by blacklisting?

Hi

Im applying for a ilr visa in the next few months and im just wondering if there would be any problems getting the visa if my thai wife has been blacklisted through not paying her motorbike finance.

Also is it better to do the visa myself or is there any good companys that someone can recommend that are good and professional

Thank you in advance

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Thanks for the reply NilSS
Im just worried about the internet part is it straight forward and easy?

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