Third party or not confusion please help!

[SJ555]

Hi Everyone,

I am planning to apply for Tier 1 Entrepreneur - PSW 50K route. I have borrowed 40K from third party family member. Third party money is transferred in my bank account showing 51K including my own and my own 10K plus maintenance fund.

Now dilemma is that shell I show it third part fund or not? If it is third party than Letter from third party/legal representative is required or not? What about bank letter?

Gurus and MOSs please help!

SJ

[Lucapooka]

It's not classed as third party if you have the money in your own bank account. It would only be so if the money remained with the third party but with the surety to provide it to you in the future.

[Olasunkanmi]

Hi Everyone,

I am planning to apply for Tier 1 Entrepreneur - PSW 50K route. I have borrowed 40K from third party family member. Third party money is transferred in my bank account showing 51K including my own and my own 10K plus maintenance fund.

Now dilemma is that shell I show it third part fund or not? If it is third party than Letter from third party/legal representative is required or not? What about bank letter?

Gurus and MOSs please help!

SJ

To add to what has been written, you don't need to show HO that the money is from third party as its in your personal account, but bear in mind that if you are invited for interview, the caseworker might ask you where your source of funding is from and if you keep the record of the transfer and if there is any interest expected from you and how you are gonna repay it back if that's the case.

All these silly questions are not in the policy guidance, but we all know that caseworkers can sometimes do more than what HO ask them to do. Maybe they also get commission from no of visa refusal (LOL).

[SJ555]

Thanks Lucapooka & Olasunkanmi for your reply.

Money is borrowed from UK based family member who is helping me, no interest is payable and there is flexible repayment. Do you think there may be any further proof (i.e. detail of lender's financials etc.) is required for money apart from transfer from one account to other?

Regards,

SJ

[Olasunkanmi]

Thanks Lucapooka & Olasunkanmi for your reply.

Money is borrowed from UK based family member who is helping me, no interest is payable and there is flexible repayment. Do you think there may be any further proof (i.e. detail of lender's financials etc.) is required for money apart from transfer from one account to other?

Regards,

SJ

@ SJ555, there is no requirement in policy guidance and immigration rules for you to submit any docs from anybody who borrow you money on mutual agreement as long as the money is in your personal bank account.

The only issue is the overzealous caseworkers who ask questions about how you come across the funds, just make sure you have proof of the source of the funds and give good answers to their silly questions and you should be fine as they cant refuse your application without quoting an immigration rule, and such reasons are not in the immigration rules.

[Darvesh]

just attach ur personal bank statement showing 50k with ur application.

if called for interview then explain source of funding otherwise keep quite.

gd luck with ur application.

[SJ555]

Thanks All