PROPERTY VALUATION FOR VISA AND IMMIGRATION PURPOSES.

It is no new that Covid-19 global pandemic grounded many activities across the globe including travels except those on Permanent Resident Status and Citizens that could travel to their home countries. Thank God the ease of lockdown is becoming more pronounced among several nations of the world and activities are gradually coming up as Airports, Embassies and so on are opening up (though few were processing online applications all the while).

However, international travel might not open up immediately for tourists but for study and permanent immigration applicants of which such applications take months to complete. Therefore, this time seems to be the most appropriate for whoever interested in getting the required documents ready.

Proof of fund is one of the basic requirements for permanent resident or study visa application most especially to Canada, one will need to provide to Canada Immigration & Citizenship an evidence of enough mandatory funds to support oneself and any accompanying family members when landed in Canada. This is because the government of Canada will not provide any financial support for new immigrants and therefore need to be sure the new immigrant will be able to support him/herself and his/her family members.

The amount required depends on the family size and can vary from time to time. Meanwhile, at the time of putting in your application you'll need to show that you have at least the required amount for your application to be processed and the money has to belong to you (not borrowed). If the money is given to you by a friend or relation it must be as a gift which you are not expected to pay back with a written evidence or sworn affidavit.


Now you may be wondering what type of funds you can use and what type of proof is required. Well, there are options which we quickly dwell on into details:

SAVINGS: If you have savings which is equivalent or exceed the required amount, then your bank statement (not less than 3months) is a good proof of funds and if your money is split between several banks, you'll need to provide details of each to add up to the required amount or exceed if you have it.

REAL ESTATE: This is what many are not aware of that money in property is probably the most widely used proof of funds. It is a known fact that people sell property owned in their home country before landing in canada or relocating to anywhere else and will use the proceed or equity to establish themselves after relocating and if not for permanent residence, it's a kind of high assuring factor that the applicant shall return to his/her home country upon completion of study or visit.

This is totally acceptable by UK and Canada Immigration & Citizenship and they appreciate the fact that you may not have sold the property at the point You're required to supply the information/proof and has made allowances for that. Therefore, all you need do is to get a firm of Certified Estate Surveyors and Valuers that is "skilled" in writting this kind of report (cos some basic information that are to be included) to value the property and give report stating opinion of the current market value of the property , such valuation report MUST be on the firm letter head, duly stamped, sealed and signed. The immigration body can then see how much equity you have on the valuation report.

If the property is on mortgage, you'll need to submit a mortgage statement from your lender showing how much money is owned on the property, then you submit a valuation report along with it to be able to see how much equity available to you on the property. It is assumed that the property would have been sold and the money in your account before landing or relocating finally.

In view of above, you may wish to consult us to meet that basic requirement for your immigration purpose.

If you have any further inquiries, do not hesitate to call +2348032296562 or +2349049045703, +2348117949689 (Whatsapp only)

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