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Posted

30+ months after returning/moving to the UK it is time for my wife to apply for an extension to the visa. I currently earn above the minimum requirement and earn c. £24,000 salary and c. £10,000+ from rental income. We have gone into a planned interest free overdraft over the last 3 months due to buying a house and renovating it, but she is panicking because of this.

Am I correct in assuming that there should be no issue and going overdrawn has no impact on the application?

Does anybody have any recent experience of renewing such a visa and can they feedback how smoothly or otherwise it went

thanks ????

 

Posted
On ‎10‎/‎14‎/‎2018 at 7:27 AM, 54321 said:

Am I correct in assuming that there should be no issue and going overdrawn has no impact on the application?

You are 100% correct.

 

One of the absurdities of meeting the financial requirement via income is that it just looks at gross income and takes absolutely no account of fixed outgoings at all. If someone's gross income is £18,600 p.a. or above then they meet the requirement; regardless of how large an overdraft and any other loans, financial commitments etc. they may have.

 

Anyone whose income is £18,599.99 or less does not meet the requirement; even if they have no fixed outgoings at all; not even rent or a mortgage.

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