Spouse Visa £62500 Cash Route question

[RT001]

I'm sponsoring my wife to join me in the uk. In order to meet the financial requirement solely by cash, I now have more than the minimum required amount in my current account. I transfered the cash into the current account from a savings account a few days ago. The current account is instant access. The savings account is a 3 month notice account, so it didn't meet the requirement of instant access, but more than the minimum required amount was sitting in there for more than 6 months prior to the transfer to the current account.

I intend to give six months of statements from the savings account and one month from the current account plus a notice of transfer letter from the former account to the latter.

Is this going to meet HO requirements? Or is it a problem that for some of the six months the cash was indeed cash and not some other asset but wasn't instantly accessible?

[seagul]

No it wont work because required savings (£62500) need to have stayed in account for at least 6 months and these funds must have been on instant access during the whole previous 6 months. Better to apply when your funds will complete 6 months in your current account.

[RT001]

Hello seagul

Many thanks for your reply. Are you sure that's the case? If it were some other asset like shares or a house that was liquidated into a current account, then that would be permissable. But liquidating cash into cash, as it were, is not?

Do you know if there is some explicit HO guidance on that or some written rule somewhere? I can't find anything explicit and non-ambiguous anywhere.

[seagul]

Hello seagul

Many thanks for your reply. Are you sure that's the case? If it were some other asset like shares or a house that was liquidated into a current account, then that would be permissable. But liquidating cash into cash, as it were, is not?

Do you know if there is some explicit HO guidance on that or some written rule somewhere? I can't find anything explicit and non-ambiguous anywhere.

Only Property sale proceeds doesn't need to be 6 months older. Read the full guidance about it:

https://assets.publishing.service.gov.u ... ext_1_.pdf

[taffet87]

Was the savings account "instant access" or a deposit for a period of time.. you can get instant access savings account these days as well

[RT001]

The deposit account is a 3 month notice account.

[RT001]

Can a moderator chime in on this? I'm very concerned, (lots of us are, I know) and 6 months apart from my wife is a horrible prospect.

[RT001]

Hello seagul

Many thanks for your reply. Are you sure that's the case? If it were some other asset like shares or a house that was liquidated into a current account, then that would be permissable. But liquidating cash into cash, as it were, is not?

Do you know if there is some explicit HO guidance on that or some written rule somewhere? I can't find anything explicit and non-ambiguous anywhere.

Only Property sale proceeds doesn't need to be 6 months older. Read the full guidance about it:

https://assets.publishing.service.gov.u ... ext_1_.pdf

Hello Seagul. Yes, I have read that, but it seems to me there's some ambiguity in 7.45 and 7.46 that would permit the method I'm considering.

[seagul]

Hello seagul

Many thanks for your reply. Are you sure that's the case? If it were some other asset like shares or a house that was liquidated into a current account, then that would be permissable. But liquidating cash into cash, as it were, is not?

Do you know if there is some explicit HO guidance on that or some written rule somewhere? I can't find anything explicit and non-ambiguous anywhere.

Only Property sale proceeds doesn't need to be 6 months older. Read the full guidance about it:

https://assets.publishing.service.gov.u ... ext_1_.pdf

Hello Seagul. Yes, I have read that, but it seems to me there's some ambiguity in 7.45 and 7.46 that would permit the method I'm considering.

Have you read the point number 7 on page 52 of it??

The savings can be immediately withdrawn (with or without penalty)

[RT001]

Hello seagul

Many thanks for your reply. Are you sure that's the case? If it were some other asset like shares or a house that was liquidated into a current account, then that would be permissable. But liquidating cash into cash, as it were, is not?

Do you know if there is some explicit HO guidance on that or some written rule somewhere? I can't find anything explicit and non-ambiguous anywhere.

Only Property sale proceeds doesn't need to be 6 months older. Read the full guidance about it:

https://assets.publishing.service.gov.u ... ext_1_.pdf

Hello Seagul. Yes, I have read that, but it seems to me there's some ambiguity in 7.45 and 7.46 that would permit the method I'm considering.

Have you read the point number 7 on page 52 of it??

The savings can be immediately withdrawn (with or without penalty)

Sure, and 7.45 on page 53 references that table of requirements, but only for, 'Funds that are held in an account at the date of application.'

[seagul]

Only Property sale proceeds doesn't need to be 6 months older. Read the full guidance about it:

https://assets.publishing.service.gov.u ... ext_1_.pdf

Hello Seagul. Yes, I have read that, but it seems to me there's some ambiguity in 7.45 and 7.46 that would permit the method I'm considering.

Have you read the point number 7 on page 52 of it??

The savings can be immediately withdrawn (with or without penalty)

Sure, and 7.45 on page 53 references that table of requirements, but only for, 'Funds that are held in an account at the date of application.'

Read the whole paragraph at 7.45 in addition to its just first line.

[RT001]

Hello Seagul. Yes, I have read that, but it seems to me there's some ambiguity in 7.45 and 7.46 that would permit the method I'm considering.

Have you read the point number 7 on page 52 of it??

The savings can be immediately withdrawn (with or without penalty)

Sure, and 7.45 on page 53 references that table of requirements, but only for, 'Funds that are held in an account at the date of application.'

Read the whole paragraph at 7.45 in addition to its just first line.

7.45 doesn't seem to disqualify my situation since my funds are held in an account at the date of application which does meet all the requirements in the table in 7.43. That's part of my confusion.