Q&As

If a Tier 1 (Investor) migrant’s initial leave was granted under the Immigration Rules before 6 November 2014 and they have maintained a £1 million overall investment, what date should they obtain a property valuation report for where they have deposited £250,000 into a savings account and then disposed of the home they relied on to meet the balance of funds requirement for their last extension application?

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Produced in partnership with Gary McIndoe of Latitude Law
Published on LexisPSL on 12/10/2018

The following Immigration Q&A produced in partnership with Gary McIndoe of Latitude Law provides comprehensive and up to date legal information covering:

  • If a Tier 1 (Investor) migrant’s initial leave was granted under the Immigration Rules before 6 November 2014 and they have maintained a £1 million overall investment, what date should they obtain a property valuation report for where they have deposited £250,000 into a savings account and then disposed of the home they relied on to meet the balance of funds requirement for their last extension application?
  • Balance of funds

If a Tier 1 (Investor) migrant’s initial leave was granted under the Immigration Rules before 6 November 2014 and they have maintained a £1 million overall investment, what date should they obtain a property valuation report for where they have deposited £250,000 into a savings account and then disposed of the home they relied on to meet the balance of funds requirement for their last extension application?

Basic requirements for a Tier 1 (Investor) Migrant to qualify for leave to remain can be found at the Immigration Rules, Part 6A, paras 245ED and 245EE. Accompanying Home Office Guidance explains the four requirements that must be met for an investor whose initial leave was granted before 6 November 2014:

‘[68] In order to extend your leave you must show that you have:

  1. (1) £1 million in the UK

  2. (2) invested at least £750,000 in qualifying investments

  3. (3) invested the balance of your £1 million in specified ways, and

  4. (4) invested the total amount as specified within three months of your specified date and maintained it since (unless you were last given entry clearance or leave to enter or leave to remain as an Investor under the Rules in force before 30 June 2008)’

Balance of funds

If entering this route prior to 6 November 2014, a

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