repaying borrowed cash savings

[jimmyjazz]

in order to meet financial requirement (Savings Route - 62,500 pounds) i borrowed the money from a friend. 2.5 year visa for my spouse obtained. any advise on repaying the cash to my friend? my spouse and i are now in the UK and i earn more than 22,000 pounds per year - so when renewing the spouse visa in 2.5 years i will use 'income route' not savings route. can i just transfer the borrowed 62,500 back to my friend, or might this cause problems when we come to renew the spouse visa? should i return the money to my friend in smaller installments over the next 2 years? thanks for your help with this.

[Wanderer]

I would say that was frustrating the immigration rules....

The savings can be from any legal source, including a gift from a family member or other third party, provided the source of the cash savings is declared. The applicant and/or their partner must confirm that the money, which cannot be borrowed.......

[geriatrix]

can i just transfer the borrowed 62,500 back to my friend,

Yes.

[Wanderer]

can i just transfer the borrowed 62,500 back to my friend,

Yes.

What about the fact the money was borrowed? Difficult to prove if they don't ask but still.....

[geriatrix]

How will the Home Office know it was borrowed?
Is the OP under obligation to show the bank statement with 62500 going off from his account or the bank statement of the person that it is going to?
Is the OP under any obligation to keep the 62500 in his bank account and not touch it until his / her spouse receives ILR?
If the HO couldn't figure it was borrowed in the first place, how will they know there is something to return or has been?

Even if HO asks (but how will they know), what stops OP from saying that he suddenly had a divine vision telling him to donate 62500 ... and he did .... to his friend!!

IMHO ....

[Wanderer]

How will the Home Office know it was borrowed?
Is the OP under obligation to show the bank statement with 62500 going off from his account or the bank statement of the person that it is going to?
Is the OP under any obligation to keep the 62500 in his bank account and not touch it until his / her spouse receives ILR?
If the HO couldn't figure it was borrowed in the first place, how will they know there is something to return or has been?

Even if HO asks (but how will they know), what stops OP from saying that he suddenly had a divine vision telling him to donate 62500 ... and he did .... to his friend!!

IMHO ....

True, but to me it's dishonest, sorry like, I couldn't do it.

I presume when you sign the application form you are warranting that the money was not borrowed, to me that's deception if you have borrowed it. Perhaps I'm being too harsh or it's my Catholic pain-of-death guilt-trip upbringing.

[jimmyjazz]

thanks for that, you two.

i agree with both of you, so i guess its my call.

thanks again.

jim

[noajthan]

Some troubling aspects to this case...

Hard to see how this was done properly:

A declaration by the account holders of the sources of the cash savings

and regarding:

The savings can be from any legal source, including a gift...provided the source of the cash savings is declared

To legitimise the savings and the associated visa, the only remedy now would appear to be to keep the funds.

[Mojohnson]

Depends how you word it I suppose...
The money was given as a gift initially ... And now is being given back to the friend as a gift - nothing wrong if you put it that way

[Luckybird]

in order to meet financial requirement (Savings Route - 62,500 pounds) i borrowed the money from a friend. 2.5 year visa for my spouse obtained. any advise on repaying the cash to my friend? my spouse and i are now in the UK and i earn more than 22,000 pounds per year - so when renewing the spouse visa in 2.5 years i will use 'income route' not savings route. can i just transfer the borrowed 62,500 back to my friend, or might this cause problems when we come to renew the spouse visa? should i return the money to my friend in smaller installments over the next 2 years? thanks for your help with this.

Hi, can you please share what supporting documents you submitted with your original visa application and how did you prove the savings were a gift from a reliable source. I have a friend who is in the process of applying for a spouse visa based on savings which she received as a gift from a family member. Many Thanks

[Wanderer]

in order to meet financial requirement (Savings Route - 62,500 pounds) i borrowed the money from a friend. 2.5 year visa for my spouse obtained. any advise on repaying the cash to my friend? my spouse and i are now in the UK and i earn more than 22,000 pounds per year - so when renewing the spouse visa in 2.5 years i will use 'income route' not savings route. can i just transfer the borrowed 62,500 back to my friend, or might this cause problems when we come to renew the spouse visa? should i return the money to my friend in smaller installments over the next 2 years? thanks for your help with this.

Hi, can you please share what supporting documents you submitted with your original visa application and how did you prove the savings were a gift from a reliable source. I have a friend who is in the process of applying for a spouse visa based on savings which she received as a gift from a family member. Many Thanks

OP's wasn't a gift.