How much money do you have in savings (in GBP)?

Upvote:0

Saving is income not spent, but put aside. Your cash in hand would more appropriately be unspent income. Savings would be what you move into a separate account, one that you don't use for daily/monthly expenses, but leave untouchedfor events such as travel, large purchases, or your future (e.g., school or retirement).

Your building and land are investments, not savings, and while they have value, they are not liquid, meaning they can't easily be converted into cash to cover travel related expenses. If you have rents paid to you from these, then it would be rental income.

If a question is asked on the visa application form which doesn't apply to you, then you can leave it blank, if permitted, or put in 'no' or n/a (not applicable).

Upvote:1

Savings is:

Saving is income not spent, or deferred consumption. Methods of saving include putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash.

Wikipedia

The gov.uk site provides a full list of supporting documents (PDF). In this file, under Section 2: other documents you may want to provide – all visitors it states:

Financial documents showing that you have sufficient funds available. These must clearly show that you have access to the funds, such as:

  • bank statements
  • building society book
  • proof of earnings such as a letter from employer confirming employment details (start date of employment, salary, role, company contact details)
  • where a third party (who is either in the UK or who will be legally in the UK at the time of your visit) is providing financial support to you e.g. a business, a friend or a relative, documents to show they have sufficient resources to support you in addition to themselves and any dependant family should be provided

So here we can see that a title or deed of property ownership is not considered proof of sufficient funds.

Therefore, one can safely assume that the same cannot be used as proof of savings, however it is good evidence of ties at home.

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