UK Citizen - how to show proof of funds?

[Pac_man]

Hi guys

Can i ask what UK citizens are showing as proof of funds?

Will uploading the front page of my monthly bank statement suffice? Or do you need a personalised letter from the bank.

thanks

 

[kryt0n]

Hi guys

Can i ask what UK citizens are showing as proof of funds?

Will uploading the front page of my monthly bank statement suffice? Or do you need a personalised letter from the bank.

thanks

everyone needs to get a financial letter as per CIC requirements.

HSBC seem to be the only bank offering this letter.

I'm with Lloyds and I'm uploading 6 months of statements. One month will not be enough. You need to demonstrait that in the last 6 months you haven't aquired a huge lump sum of money.

 

[Pac_man]

bloody hell!

Are you uploading the full monthly statements or only the cover pages?

What does the financial letter entail? Any samples/templates etc?

 

[xpressentry]

I bank with Barclays. They said that they can give me a letter with the balance in GBP but not with currency conversion. Also my PoF is in my ISA so Barclays ISA has an annual average in addition to the balance. I plan to get the letter with the balance in GBP and attach the ISA statement with an annual average.

 

[Pac_man]

Likewise. I also bank with Barclays and have my money in an ISA

Which dept did you contact from barclays - phone or email?#

thanks

 

[kryt0n]

bloody hell!

Are you uploading the full monthly statements or only the cover pages?

What does the financial letter entail? Any samples/templates etc?

All the statements. They want you to prove where you got your money from.


"Purpose

To confirm whether the applicant meets the low-income cut-off (LICO), assessed by the amount of money they hold compared to the number of people in their family
Document requirements

The applicant should provide an official letter(s) from one or more financial institutions that lists all current bank and investment accounts as well as outstanding debts, such as credit card debts and loans.
o The letter(s) must be printed on the letterhead of the financial institution and must include the applicant’s name, the contact information of the financial institution (address, telephone number and email address), the account numbers, the date each account was opened and the current balance of each account as well as the average balance for the past six months.
Other documents may also be requested, as necessary.

Individuals who must submit this documentation

The principal applicant
"

Make sure whatever you submit covers everything they require here.

 

[xpressentry]

Likewise. I also bank with Barclays and have my money in an ISA

Which dept did you contact from barclays - phone or email?#

thanks

I told Barclays, I needed the letter in a certain format since I am investing in property overseas and need to declare my assets and liabilities. They agreed to give me the letter in my desired format to whomsoever it may concern but without the local currency (CAD) and they printed a sample as well. The minute you say immigration, they turn the other way. My local branch declined when I said immigration so I went to a nicer branch at Park Lane. They always have rich investors at that branch.

PS: I'm not a UK citizen but I have been here for a while. I dont look British and dont sound like one. So probably that's why they bought my cover story.

 

[kryt0n]

There's nothing I could get out of Lloyds except raising a complaint.

I got £60 "for my troubles" and they sent me a letter stating what accounts I had and when they were opened.
The first letter I got my name was spelt wrong.
The new letter that arrived yesterday had the wrong date of account opening.

I'm hoping to get a new one and maybe another £60 this week!!

Bottom line, don't bank with Lloyds.

 

[xpressentry]

There's nothing I could get out of Lloyds except raising a complaint.

I got £60 "for my troubles" and they sent me a letter stating what accounts I had and when they were opened.
The first letter I got my name was spelt wrong.
The new letter that arrived yesterday had the wrong date of account opening.

I'm hoping to get a new one and maybe another £60 this week!!

Bottom line, don't bank with Lloyds.

£60 of free money is worth it.

 

[alxms10]

There's nothing I could get out of Lloyds except raising a complaint.

I got £60 "for my troubles" and they sent me a letter stating what accounts I had and when they were opened.
The first letter I got my name was spelt wrong.
The new letter that arrived yesterday had the wrong date of account opening.

I'm hoping to get a new one and maybe another £60 this week!!

Bottom line, don't bank with Lloyds.

I have an account with Lloyds and yes they're terrible. I don't know if you're around London but Metro Bank is pretty good

 

[kryt0n]

I have an account with Lloyds and yes they're terrible. I don't know if you're around London but Metro Bank is pretty good

Honestly they are a nightmare.

 

[kryt0n]

Just called them again.
£60 first for raising the complaint because the branch etc were a bit of a pain.
1st letter my name was spelt wrong
2nd letter the start date of my account was wrong
Just got another £50

Hopefully the third letter is wrong. Lloyd's will be funding my PR!!

 

[xpressentry]

Just called them again.
£60 first for raising the complaint because the branch etc were a bit of a pain.
1st letter my name was spelt wrong
2nd letter the start date of my account was wrong
Just got another £50

Hopefully the third letter is wrong. Lloyd's will be funding my PR!!

Do you think WES can pay for my PR for spelling my name wrong and asking me to submit everything again?

 

[dupsy21]

I bank with Lloyds bank and I was able to get a print out of my average balance per month. I attached this with a letter that showed my account number, opening dates and current balances of all my account with Lloyds Bank. This was in October 2015 when I submitted my application though.

It was a battle to get this. How did I go about it? I went to the branch near me and they told me Lloyds bank cannot give me a letter that contains the average balance of my bank accounts. So, I called the customer service. The lady I spoke to said they don't have the facilities to issue me the required information. I had to ask her which one of these three they don't have: Paper, Ink or my account details. She later allowed me to speak to a supervisor. It was the Supervisor that contacted the branch near me to issue me the letter.

There's nothing I could get out of Lloyds except raising a complaint.

I got £60 "for my troubles" and they sent me a letter stating what accounts I had and when they were opened.
The first letter I got my name was spelt wrong.
The new letter that arrived yesterday had the wrong date of account opening.

I'm hoping to get a new one and maybe another £60 this week!!

Bottom line, don't bank with Lloyds.

 

[kryt0n]

I bank with Lloyds bank and I was able to get a print out of my average balance per month. I attached this with a letter that showed my account number, opening dates and current balances of all my account with Lloyds Bank. This was in October 2015 when I submitted my application though.

It was a battle to get this. How did I go about it? I went to the branch near me and they told me Lloyds bank cannot give me a letter that contains the average balance of my bank accounts. So, I called the customer service. The lady I spoke to said they don't have the facilities to issue me the required information. I had to ask her which one of these three they don't have: Paper, Ink or my account details. She later allowed me to speak to a supervisor. It was the Supervisor that contacted the branch near me to issue me the letter.

Yup...that service was cancelled Jan 1st 2017. I shit you not.