2 questions:
1) How long should the maintenance fund be maintained prior to the date of visa application?
2) Is it enough if the bank provide a letter stating that the funds required for maintenance (£1023 x 9) has been approved, letter dated 28 days (or 2 months) prior to date of application ? or is it necessary that the maintenance funds should be held in the bank account of applicant (student) or the applicants (students) parents?
Background and Context:
Wife's nephew has secured an admission to a Master's degree in University of Manchester for program to start in August 2022 this year.
Course fee has been secured by applying for a bank loan. Like-wise the maintenance funds required to be maintained for the period prior to date of visa application has also been secured by applying for bank loan.
Spending time on the gov.uk website , answers for the 2 questions:
1. How long should the maintenance fund be maintained prior to the date of visa application?
Quote below from gov.uk
Given this is Manchester, the maintenance fund required (highlighted in yellow above) is £1,023 x 9 = £9207 in GBP or it's equivalent in INR.Money to support yourself (‘financial requirement’)
You’ll need to show you have enough money to support yourself - unless you’ve been in the UK with a valid visa for at least 12 months on the date of your application.
How much money you need depends on where you will be studying. You’ll need either:
£1,334 per month (for up to 9 months) for courses in London
£1,023 per month (for up to 9 months) for courses outside London
If you’re boarding at a residential independent school, you’ll need to pay boarding fees instead. The amount you need to pay will be on your CAS.
London means the City of London and the 32 London boroughs.
You’ll need to prove you have extra money for each family member you bring with you.
You must have this money for at least 28 consecutive days. The end date of the 28-day period must be within 31 days of the date you apply for your visa.
Example
If you submit your application on 1 January 2021, you’d have to show that the funds were in your bank account for at least the 28-day period ending on 1 December.
If you have a student loan or financial sponsorship, you’ll need to provide evidence of this from your loan or sponsorship company.
In the example highlighted in yellow above, if applicaton date is on 1st January 2021, funds were in your bank account for at least the 28-day period ending on 1 December.
1st December 2020 to 1st January 2021 is 31 days and "28-day period ending on 1 December. " means 31 days + 28 days = 59 days.
So does that mean the maintenance funds should be maintained for 59 days prior to date of visa application?
Please clarify.
2) Should the maintenance fund be shown in the name of the bank account of the applicant or applicant's parents? or is it ok given the maintenance fund is also secured from the bank, that it is enought that the bank issues a letter of approval / grant of the said £9207 equivalent in INR ? For eg., see bits highlighted in orange above and in the quote below:
Quote from gov.uk
From the bits highlighted in orange, it appears:You can show you have enough money using:
an official financial or government sponsorship or grant
a student loan from a government, government sponsored loan company, or a regulated student loans scheme
your own money
your parent’s money (if they provide a letter confirming they agree to you using it this way)
your partner’s money if your partner is present in the UK or applying at the same time
- It will be acceptable if the maintenance fund is proved by a student loan from a regulated student loans scheme, meaning a bank loan ?
- If you have a student loan, you need to provide evidence from your loan company
Thank you for reading and appreciate your comment / advise / suggestions.
Cheers,
LC
PS: Apologies if question was asked and aswered already, asking because there is lots of information and want to make sure we understand this correctly. Thanks in advance.
