I am planning to apply for standard visitor visa for parents to come and stay with me in the UK for 2 months.
I will be completely sponsoring their trip (flights, accomodation, stay, food etc). I have ILR and would be submitting payslips for supporting the application.
I am confused by the balance required in their savings accounts for a visitor visa. I heard there is no standard minimum amount but, typically people show £2000 - £3000 in savings account while applying.
Following is their current financial situation:
Dad's savings account balance £670
Mom's savings account balance £450
Monthly expenses £150
Income from rental property £260
Fixed deposits totalling £30000+
They had recently moved around £4000 of savings amount to fixed deposits (FD), hence the low savings account balance. As they are old, they don't really have much expenses and comfortably live using the rental income.
For a better chance of visa success, would one of the following methods be recommended to show increased/higher in savings account balance while applying for the visa?
- break a FD and deposit it into savings account. Then show the 6 month bank statement with additional proofs of FD being broken & deposited as source of this shorterm increase in savings of £4k
- Take a loan on the FD and deposit it to savings. Along with proof of that loan to justify the short-term jump in savings
- I transfer £2K -£4K to them and justify the short term increase showing my bank statements etc.