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?

read titleRead full title
Copyright © 2025 LexisNexis
Produced in partnership with Gary McIndoe of Latitude Law
Published on: 12 October 2018
imgtext

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

Gary McIndoe
Gary McIndoe

Latitude Law

Gary has practised UK-inbound immigration, nationality and refugee law for more than 25 years. His first taste of work in his field was at the Home Office, where his role included policy work on the return of Hong Kong to Chinese control in 1997.

He qualified as a solicitor in 2000 and founded Latitude Law in 2007; the firm has grown steadily since then and currently has a 15-strong legal team undertaking a full range of immigration work.

Latitude has recognised expertise in guiding businesses, from start-ups to mulitnationals, through sponsor licensing and related regulatory processes. It is also noted for its work with high-net-worth individuals, with particular focus on the sole representative of overseas business, innovator and start-up visa categories.

Gary and his team have developed strong links with exceptionally talented individuals in a burgeoning regional tech sector. Latitude also continues to take on complex asylum and deportation work. The firm has a satellite office in London and a subsidiary business in Brussels. Gary is registered as a foreign lawyer with the Brussels Bar.

Gary is an AILA international associate and has contributed to panels at the organisation’s global and European conferences in recent years. He is chair of trustees of Electronic Immigration Network, a charity providing information services in the sector, and a patron of Middle Eastern human rights charity Salam DHR. In 2021 he co-authored, with Gemma Tracey, a practical guide to deportation (Law Brief Publishing).


Read moreRead more
Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Key definition:
Immigration Rules definition
What does Immigration Rules mean?

Statements contained in House of Commons or Command Papers setting out the practice to be followed in the administration of the Immigration Act 1971 for regulating the entry into and stay in the United Kingdom of those who do not have the right of abode (including the period for which leave is given and the conditions attached in different circumstances).

Read more readmore

Popular documents

When was the UK ancestry visa introduced in the UK? Was it introduced via the first set of the

When was the UK ancestry visa introduced in the UK? Was it introduced via the first set of the Immigration Rules implemented after the passage of the Immigration Act 1971?Section 3(2) of the Immigration Act 1971 (IA 1971) empowers the Secretary of State to lay before Parliament rules concerning the

Where the letter of endorsement from an endorsing body for an innovator in the new business category

Where the letter of endorsement from an endorsing body for an innovator in the new business category confirms that they have verified that £50,000 funds are available, is it correct that no further evidence of the funds are required to be sent with the application (ie none of the documents listed in

If planning permission imposes restrictions on a licensed premises opening hours, once operational can

If planning permission imposes restrictions on a licensed premises opening hours, once operational can the personal licence holder apply for a Temporary Events Notice (TEN) to open for longer hours than those permitted in the planning permission?To use any property for a licensable activity both

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a