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Old May 28th 2010 | 4:21 am
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Default Re: house not sold yet starting to panic

We were planning to do same thing....Land then look at selling up and getting job.

However turmoil as Job came really quick out of the blue and we are in a race against time to sell, without giving it away. Did not want to sell before we were legal just in case - however maybe it is worth taking a chance for others.

I just rely on daily prayers now to get me through it all.

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Old May 28th 2010 | 4:29 am
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Default Re: house not sold yet starting to panic

Originally Posted by athena88
We had to redecorate as we had rented it out to some very messy people and we had a couple who were very keen and came back for 3 viewings the other day til the neighbours told them the roof leaked a problem that was fixed ages ago. Agents seem ok doing the best they can we dont live in the house at the mo but my friend keeps it very clean and tidy

Why don't you give the agent a copy of the receipt showing the roof has been repaired. They in turn can show it to the client.
 
Old May 28th 2010 | 4:42 am
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Default Re: house not sold yet starting to panic

Originally Posted by Bramley
Yes you could, immigration will ask you what your world wide assets are but you won't be asked to show proof...you already did that when you applied to emigrate.
It's not a good time to sell at the moment we landed and flew back to sort the house out and ended up renting it. It's a difficult situation to be in but personally I wouldn't go down the route of borrowing money to get here...I'd land, activate your PRs and go back to sort out what you can.

The worst thing you could do is begin your new life in debt, the transition of moving is difficult enough without having further worries hanging over you.

Hope you get things sorted soon
CHC in the UK accepted home equity at the application stage, but I think this was more unofficial policy rather than in their own guidelines. The funds are supposed to be unencumbered - i.e. liquid and not owed to anyone.

It is highly unlikely that they will ask, and if they do they *may* accept a mortgage statement and a home valuation as proof of funds but there are no guarantees. I personally wouldn't risk landing without proof in the form of a bank statement showing an account with enough cash in it. It's a low risk, so the OP's tolerance may be higher.
 
Old May 28th 2010 | 5:07 am
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Default Re: house not sold yet starting to panic

Originally Posted by Alan2005
CHC in the UK accepted home equity at the application stage, but I think this was more unofficial policy rather than in their own guidelines. The funds are supposed to be unencumbered - i.e. liquid and not owed to anyone.

It is highly unlikely that they will ask, and if they do they *may* accept a mortgage statement and a home valuation as proof of funds but there are no guarantees. I personally wouldn't risk landing without proof in the form of a bank statement showing an account with enough cash in it. It's a low risk, so the OP's tolerance may be higher.
I agree, it's better to be safe than sorry but just going on our experience...we didn't show any proof of funds (unencumbered) when we landed.
 
Old May 28th 2010 | 5:18 am
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Default Re: house not sold yet starting to panic

Originally Posted by Bramley
I agree, it's better to be safe than sorry but just going on our experience...we didn't show any proof of funds (unencumbered) when we landed.
Nor us. I don't actually think I've seen a report of anyone being asked on this site.
 
Old May 28th 2010 | 5:21 am
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Default Re: house not sold yet starting to panic

Originally Posted by Alan2005
Nor us. I don't actually think I've seen a report of anyone being asked on this site.
No neither have I.
 
Old May 28th 2010 | 6:58 am
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Default Re: house not sold yet starting to panic

Originally Posted by Rete
Why don't you give the agent a copy of the receipt showing the roof has been repaired. They in turn can show it to the client.
After that they just werent interested I've just got to have a word with the neighbours now.
 
Old May 28th 2010 | 7:04 am
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Default Re: house not sold yet starting to panic

Originally Posted by Bramley
Yes you could, immigration will ask you what your world wide assets are but you won't be asked to show proof...you already did that when you applied to emigrate.
It's not a good time to sell at the moment we landed and flew back to sort the house out and ended up renting it. It's a difficult situation to be in but personally I wouldn't go down the route of borrowing money to get here...I'd land, activate your PRs and go back to sort out what you can.

The worst thing you could do is begin your new life in debt, the transition of moving is difficult enough without having further worries hanging over you.

Hope you get things sorted soon
If your right that would be great has anyone else landed with settlement funds being in a property waiting to sell I wouldnt want to take any risks of being turned away we have no savings so the only funds we have are in our property
 
Old May 28th 2010 | 7:23 am
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Default Re: house not sold yet starting to panic

We were asked to show proof of funds in December (bank statements), not a problem because we had the money. I personally wouldn't risk it, but each to their own.

Poppit
 
Old May 28th 2010 | 7:43 am
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Default Re: house not sold yet starting to panic

Originally Posted by Alan2005
Nor us. I don't actually think I've seen a report of anyone being asked on this site.
Originally Posted by Poppit
We were asked to show proof of funds in December (bank statements), not a problem because we had the money. I personally wouldn't risk it, but each to their own.

Poppit
Well, I guess I can't say that any more.
 
Old May 28th 2010 | 7:52 am
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Default Re: house not sold yet starting to panic

Originally Posted by athena88
If your right that would be great has anyone else landed with settlement funds being in a property waiting to sell I wouldnt want to take any risks of being turned away we have no savings so the only funds we have are in our property
Don't do it unless you have settlement funds, you could be setting yourself up to fail before you even begin your new life.
My OH had a job to go to when we landed, 10 weeks in they let him go leaving us at our wits end. Luckily we had our settlement funds (cash) to fall back on but if we hadn't we would have had to return to the UK due to the rest of our equity being tied up in the house. Don't move unless you have a contingency plan in place, emigrating without adequate provisions in place is a disaster waiting to happen.
 
Old May 28th 2010 | 8:00 am
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Default Re: house not sold yet starting to panic

Originally Posted by Bramley
Don't do it unless you have settlement funds, you could be setting yourself up to fail before you even begin your new life.
My OH had a job to go to when we landed, 10 weeks in they let him go leaving us at our wits end. Luckily we had our settlement funds (cash) to fall back on but if we hadn't we would have had to return to the UK due to the rest of our equity being tied up in the house. Don't move unless you have a contingency plan in place, emigrating without adequate provisions in place is a disaster waiting to happen.
We only want to land and activate our visa's we dont plan on moving out till next year hopefully the house will sell soon but if it doesnt sell if we could land with proof of funds in property that would be less to worry about thats why I weas asking Im sooo worried about getting our visa's activated by october xx
 
Old May 28th 2010 | 8:10 am
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Default Re: house not sold yet starting to panic

Originally Posted by athena88
We only want to land and activate our visa's we dont plan on moving out till next year hopefully the house will sell soon but if it doesnt sell if we could land with proof of funds in property that would be less to worry about thats why I weas asking Im sooo worried about getting our visa's activated by october xx
Yes you can land with proof of funds even if it's still tied up in your property, ours was on the market when we landed and everything was ok...just get over and land that's the most important thing then at least you'll have some breathing space
 
Old May 28th 2010 | 8:20 am
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Default Re: house not sold yet starting to panic

Originally Posted by Bramley
Yes you can land with proof of funds even if it's still tied up in your property, ours was on the market when we landed and everything was ok...just get over and land that's the most important thing then at least you'll have some breathing space
Thanks for that I feel alot better now I do love all the helpful people on BE . who should I get letters from estate agents? mortgage providers?
 
Old May 28th 2010 | 8:27 am
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Default Re: house not sold yet starting to panic

Originally Posted by athena88
Thanks for that I feel alot better now I do love all the helpful people on BE . who should I get letters from estate agents? mortgage providers?
When you get to immigration they will ask you about your funds but not everyone has had to provide proof (we didn't) however to be on the safe side I'd take your recent mortgage statement, you don't need anything from your estate agent or mortgage provider...have you done your goods to follow list?
 


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