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Relying on savings - when can you spend them?

Posted: Sun Dec 30, 2018 3:06 pm
by oldmankensey
We rely on savings for our ILR SET(M) application, alongside my wife's full time salary.

We've been caught up in the whole 24hr Priority fiasco, so exactly a month after our London premium centre appointment, here we are still waiting for a decision.

So...we haven't touched our savings on the presumption that there is a chance we would have to do another application. Is that wise? Could we safely use funds from that savings account now (and by doing so, bringing the balance under the required 34.6k) or should we sit tight just in case?

We've actually put up with a fair amount of hardship having those funds locked away for 6 months, but we don't want to do something stupid at this stage. I guess the big question is, if we had to do another application, would we then require new, up-to-date statements or could we rely on the ones we used in November?

Re: Relying on savings - when can you spend them?

Posted: Sun Dec 30, 2018 3:37 pm
by Casa
Sit tight and continue to hold the savings until you receive a decision on your application. If you do have to re-apply, you will need to submit new documents dated no earlier than 28 days prior to the submission of the new application.

Re: Relying on savings - when can you spend them?

Posted: Sun Dec 30, 2018 3:40 pm
by oldmankensey
yeah, that's what I feared. :(

Re: Relying on savings - when can you spend them?

Posted: Sun Dec 30, 2018 5:44 pm
by Casa
Just for confirmation...what level of savings are you applying with :?:

Re: Relying on savings - when can you spend them?

Posted: Sun Dec 30, 2018 6:28 pm
by oldmankensey
£34,600

Re: Relying on savings - when can you spend them?

Posted: Sun Dec 30, 2018 6:49 pm
by Casa
oldmankensey wrote:
Sun Dec 30, 2018 6:28 pm
£34,600
Ok. So my advice stands. I was hoping there was a chance you were holding more savings than needed.

Re: Relying on savings - when can you spend them?

Posted: Sun Dec 30, 2018 8:11 pm
by oldmankensey
yeah, it's a shame, we actually had 37k in that account 7 weeks ago when we did the application and have withdrawn down to 35k, but can't go any further.

We will wait and not touch that account