from 50K to 200K (Fresh Application)

My tier 1 entrepreneur visa (50K PSW route) was refused in April 2103. refusal reason: Third party (my own parents) bank letter does not mention that money is available to me. We tried our level best to get that letter but bank is not ready to give any such letter. my appeal is outstanding in the court but as I have seen on this board ,people with refusals similar to mine has hardly got any relief from courts. I have no idea how such a irrational requirement could be satisfied. profession wise I am a qualified audit and compliance consultant running my own business and providing my services to banks. Since Aug 2013 in order to get any new contract I have to undergo vetting processing which means I have to have a valid passport and visa with me. Due to this reason I am not able to obtain a contract in the format that UKBA require. since than I am providing my services(mortgage advice, investment advice etc.) to individual clients and charging fee in return. There is no contractual agreement I:e if anyone wants to consult me they can contact or visit me at my office and in return of my consultation I charge fee which can be paid via direct bank transfer or by cheque into my business account. All HMRC taxes are paid on time for the last financial year.

in case I do not get any relief from court then can I make a fresh application within 28 days under 200K route. all Money in my Uk Current account with legitimate proof of its source (transferred from parents account).

@ prabh7, first of all you can still submit a fresh application with the 50k route as your last leave is on PSW.
Secondly, you dont necessarily have to submit a contract for your fresh application, since you stated that you are already trading with individual clients, you can get a letter from the bank where your business account is held to state that your business is already trading.
Its your choice if you decide to submit a fresh application now or you can wait for the outcome of the appeal. But try to get ready all the necessary documents needed for a fresh application so that you can submit it immediately if the appeal decision is not favourable.

For your information, you can withdraw your appeal and then submit a fresh application on the same day as some members on the forum has successfully done so and got visa but its your choice to decide the best option for yourself.

Thanks for the reply Olasunkanmi. As you have stated that I can still submit application under 50K route but I need to ensure that if required am I allowed to submit fresh application under 200k route within 28 days. could you please clarify on this.

Prabh7, It's your choice again, why not go for the easier option available under £50 K. Does not make any difference in both. End of the day it's gonna be your fresh application. So my advice to you to transfer money from your patents acount to your current in uk and proof in court. If not then without wasting your time go for fresh application. Please do contact if require further assistance.

Prabh7 wrote:Thanks for the reply Olasunkanmi. As you have stated that I can still submit application under 50K route but I need to ensure that if required am I allowed to submit fresh application under 200k route within 28 days. could you please clarify on this.

It's your choice if you decide to apply through the 200k route but I think 50k investment is more easier than 200k investment. Within the 28days grace period, you will only be able to apply for only one of the route.

Thanks for your reply cpml khan and olasunkanmi. Money has already been transferred to my UK current account and I have obtained a letter from third party bank mentioning that their legal team has instructed not to provide any such letter to anyone. These are the two points on which I would be contesting. The reason why I am thinking of making fresh application under 200K route is because I don't have any live contract in the UKBA required format for 50K route and as per policy guidelines if you are applying under 200K there is no requirement to provide any contract. My firm is still generating business by providing services (mortgage and investment advice etc.) to individual clients. There is no contract involved, if anyone wants my services they can contact or visit my office and in return of my consultation I charge fee. all fee is paid into my business account and will provide invoices and bank account statements as a proof. I do FCA regulated work and in order to get a contract from a bank or insurance company in ukba required format I have to have a valid passport and visa in hand.

@ Prabh7, contract agreement is not compulsory as you can also submit letter from your bank which confirm that your business is trading.

The service that you stated as being offered to individual by your business is also well within the rules and should be ok if you decide to submit a fresh application. You don't necessarily have to offer your service to big banks or company alone.