Please find below the response received from CHC London on Property as Proof of Funds. In my querry to CHC London I have specifically mentioned that I am an applicant from Pakistan so if they only accept property as proof of funds for UK applicants then they would have mentioned in there response that they would not accept property other then from UK.
Thank you for your enquiry.
In support of your application, you should provide proof of unencumbered and readily transferable funds in a convertible
currency that is available to you for settlement in Canada (for you and your family members):
• current bank certification letter; or
• evidence of savings balance; or
• fixed or time deposit statements.
Before approving an application, the immigration officer must be satisfied that you have sufficient funds to support yourself and your family when you first arrive in Canada. The Government of Canada does not provide financial support to new skilled worker immigrants.
When first arriving in Canada as a permanent resident you will also need to show immigration officials at the port of entry that you have sufficient transferable funds for your settlement in Canada.
You can show bank statements or saving statements or value of your property after the repayment of your mortgage.
If you have been offered a job or if you are going to work in Canada on a temporary work permit you may present proof of your salary.
Yours sincerely,
Client Service Unit (LIB)
Hi - ok sorry, I had read one user who were from Pakistan and London had asked for bank statements because they would not accept proof of funds from property, I think this was during the 120 day process of the pre-June-26 system. I had assumed it may be more difficult for London to accept property from Pakistan residents because unlike UK residents they cannot check the land registry to confirm ownership of the property.
May be useful if any Pakistan applicant via London office can confirm their property valuations + mortgage letter/statements were accepted?
Although the above (which I think is cut+paste standard letter from CHC London) seems to indicate the property is not acceptable and application stage, but is acceptable at landing stage. This to me seems the wrong way around, normally I would think property would be acceptable at application stage (since they can't expect you to sell your house and live out of a cardboard box waiting for a visa you may not get) but then this needs to be liquidated and transferrable at the landing stage?
Damn it's confusing
Well anyway, we sent 3 estate agent valuations including the business cards of the consultants giving the valuation, and also a mortgage letter stating the amount owed on the property, therefore showing the equity we have.
Wayne.
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