Money that can be used

181. You can use money held in an account owned by you or by your parents. If you are using funds held by your parent(s)/legal guardian(s), you will need to show us evidence that you are related to your parent(s)/legal guardian(s) and that you have their permission to use this money.

182. The evidence of money that you use must be of cash funds in the bank (this includes savings accounts and current accounts even when notice must be given), as a loan letter

or official financial or government sponsorship available to you. Other accounts or financial instruments such as shares, bonds, overdrafts, credit cards and pension funds are not acceptable, regardless of notice period.

183. The money you show us must be for your use for studying and living in the UK. The full

amount of this money – which should be held in the manner specified in this guidance - must

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continue to be available to you after your application is made, except for any money you have to pay for course fees and living costs.

For example, you should retain the full amount of money you have shown us in your bank account, minus the balance you have paid for your course fees.

184. If you are using overseas currency, we will expect you to show (in writing on your application form) the closing balance in pounds sterling.

185. Where your funds are in a currency other than pounds sterling, the amount we consider will be based on the exchange rate for the relevant currency on the date of your application, taken from the rates published.

186. You will not be awarded points for maintenance where the money you are showing us is held in a financial institution with which the Home Office is unable to make satisfactory verification checks. This will be considered using the list in use on the date of your application. A list of financial institutions which do not satisfactorily verify financial statements will be published on Home Office.

187. We will not consider money earned during a time when you or your parent(s)/ Legal

Guardian was in breach of the UK’s immigration laws as evidence of maintenance funds.

For example: Earnings made from UK employment will only be considered if you had leave to enter or remain in the UK at the time the money was earned, and in a category which permitted you to take that employment.

Date: 2016-03-03; view: 830