Posted: Mon May 30, 2022 1:10pm
We completed the NLV process successfully in May 2021 - and have just completed our first renewal.
The statement 'they are not interested in your savings or money from house purchase...to be successful its your joint monthly income that matters...that's about 2800 euros a month that you have to demonstrate...' is incorrect.
With an NLV you are not allowed any income, other than a 'passive income' - e.g. pension, income from a rental property. You need to prove 'means of maintenance' of the equivalent of €34,500 pa for a couple, which can be from savings, bonds, shares, pension, rental income, etc.
We were asked to provide 6 months bank statements and these were then summarised, along with our other 'means of maintenance', by our solicitor in Spanish.