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Oct 2013 Changes - Applicant name on third party letter

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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shirazahmad
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Joined: Wed Sep 12, 2012 10:57 pm

Oct 2013 Changes - Applicant name on third party letter

Post by shirazahmad » Tue Oct 01, 2013 1:13 pm

For third party funding, there is no change in writing applicant name on financial institution letter and third party must confirm that money is available to the applicant or his/her business.

New Policy Guidance

http://www.ukba.homeoffice.gov.uk/sitec ... dance1.pdf

Para 97
Page 19 of 53

Quote

"Please note: it is important to ensure that any letter from the third party’s financial institution states that the third party has confirmed that they intend to make the money available to you. This is to ensure that the funds are made available to you (and your team member, if applicable) and not to anyone else."

Although there are changes in the immigration rules where they substitute Para 41-SD of Appendix A.
Specifically they substitute "available" from "available to the applicant".

(In October 2013, statement of changes, they wrote "Available to invest")

And if we read the immigration rules

Updated Rule
41-SD c(i)
"A letter from each financial institution holding the funds, to confirm the amount of money available".

(Not mentioning as previously "available to the applicant")

But in 41-SD c(i)(6) saying
"state the applicant's name, and his team partner's name where relevant,"

and in 41-SD c(i)(10)
"confirm the amount of money available from any third party (if applicable) that is held in that institution,"

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