50k Maintained in UK/Home Country. Which is Beneficial????

[Imran14]

Hi Guys I need Guidance regarding investment Funds to be maintained in Home country or Uk in own personal account. Will it make an impact if money shown in Uk for the process of application or it does not make any difference as long as correct format statement is taken from Branch Manager from back home. I have Tried transferring the Funds from Back home which is a bit headache with lots of paper work, service charges, Pound rate which is costing a lot of money. Please share your experienced opinion. Thanks

[sriks]

if you are sure you can get a letters and statements as per UKBA requirements (with funds outside UK)go ahead.. it shouldnt make too much of a difference.

on a different note If you are planning on investing the same money.. You shouldnt be concerned about the exchange rate etc..

[rooney0511]

For verification purposes it makes it much faster if the funds are in UK, If the funds are oversees it takes a while to get the verification to be done.
I was told it takes about 6 to 8 weeks at present IF they send the documents for verification oversees.

[entrepreneur123]

Also if you are planning to bring money in uk then do it through bank and show statements and invoice of transfer of money in application and write in cover letter. it will make your case stronger.

Hi Guys I need Guidance regarding investment Funds to be maintained in Home country or Uk in own personal account. Will it make an impact if money shown in Uk for the process of application or it does not make any difference as long as correct format statement is taken from Branch Manager from back home. I have Tried transferring the Funds from Back home which is a bit headache with lots of paper work, service charges, Pound rate which is costing a lot of money. Please share your experienced opinion. Thanks

[Imran14]

Thanks you guy's