Can one issue another director loan for second application?

[NippyApp]

Hello Zimba n all,

Is it possible to re-write another director loan for second application.

50k route for tier one extension.

Applied in Dec
Got refused in February

Refused based on the fact that while the Loan Agreement stated that it was Unsecured, it did not state that it was 'surbordinated in favour of third party creditors.
All other points were granted.

Applied for AR

Received decision stating decision remained the same.

Now need to apply within 14 days.

Do u advised, i rewrite another (revised) director loan for my fresh application?

Has anybody ever written a new director loan?

[sm12]

You will have to edit it, if you want to make a new application.
Another alternative is to pass a resolution to convert the loan to share capital by passing a resolution. Then you'll have to provide fresh management accounts to show the share capital in your name. However, the only issue that might arise is whether HO will accept share capital issued after your visa expired.

[jafersadeq]

To end the story.. EDIT it, add what they want, but same dates on the old one.

[NippyApp]

You will have to edit it, if you want to make a new application.
Another alternative is to pass a resolution to convert the loan to share capital by passing a resolution. Then you'll have to provide fresh management accounts to show the share capital in your name. However, the only issue that might arise is whether HO will accept share capital issued after your visa expired.

Thanks for all responses.

I am planning to bring the Account up to date, include up-to-date Current Director's Report and History page (with invoice attached from companies house - if required?), up-to-date maintenance fee and make reference to the previous application (and its original documents as they haven't been returned).

Please is it advisable to put a stamp on the revised Loan Agreement (and attach it to a copy of the old one)?

Also, what other documents will be advisable to include with this fresh application?

All members and gurus' advices would be greatly appreciated.

Thanks

[sm12]

Are you sending both agreements?

[NippyApp]

Are you sending both agreements?

Yes, I am going to send both the revised and the old Agreements (attached to eachother with a cover letter). This is to avoid HO raising objections.

Respected members and gurus, what do you think?

[zimba]

You simply need to amend the old one and make a new one. There is no need to send the old one.

[NippyApp]

Hello house,

I'm glad to inform you all that the Elohim that rules in the affairs of men has done it. My (second application for) Tier 1 Entr Extension has now been approved.

Timeline for the second application after the first refusal based on the fact that I missed the statement "surbodinated in favour of third party creditors" on the Director loan is as follows:

Wrote an ammended agreement and attached it to the original then sent in the application - 13/03/2017 by next day delivery,
Application received by HO - 14/03/2017,
Biometric letter received - 06/04/2017 and Biometrics given a week after.
Exceptional complex letter received - 25/04/2017,
IHS partial Refund - 19/07/2017,
Online Status Updated - 20/07/2017. With case ID showing "DECIDED" but with Royalmail ref (as at today) still showing "Awaiting decision, last updated in April".
Documents Received - 25/07/2017,
BRP received - 27/07/2017 (I had to ring DX secure on 08443710000. They claimed to have attempted delivery on 21 & 22 but left no missed you card).

Note: Prayed some dangerous prayers and also got MP involved few weeks ago when I was fed up with the delay. This may be for somebody.

Many thanks to all those who advised and guided, especially Zimba.

[ENTREPRENEUR1983]

Hello house,

I'm glad to inform you all that the Elohim that rules in the affairs of men has done it. My (second application for) Tier 1 Entr Extension has now been approved.

Timeline for the second application after the first refusal based on the fact that I missed the statement "surbodinated in favour of third party creditors" on the Director loan is as follows:

Wrote an ammended agreement and attached it to the original then sent in the application - 13/03/2017 by next day delivery,
Application received by HO - 14/03/2017,
Biometric letter received - 06/04/2017 and Biometrics given a week after.
Exceptional complex letter received - 25/04/2017,
IHS partial Refund - 19/07/2017,
Online Status Updated - 20/07/2017. With case ID showing "DECIDED" but with Royalmail ref (as at today) still showing "Awaiting decision, last updated in April".
Documents Received - 25/07/2017,
BRP received - 27/07/2017 (I had to ring DX secure on 08443710000. They claimed to have attempted delivery on 21 & 22 but left no missed you card).

Note: Prayed some dangerous prayers and also got MP involved few weeks ago when I was fed up with the delay. This may be for somebody.

Many thanks to all those who advised and guided, especially Zimba.

Congratulation, so happy for you dear !!

The amended Loan agreement you submitted which date you put, if you making the new agreement for new application it should be after the date of your last application expired. (means the initial application like in your case its seems like expired in dec. last year when you applied for extension). I would appreciate your input. Thank you

[NippyApp]

Hello house,

I'm glad to inform you all that the Elohim that rules in the affairs of men has done it. My (second application for) Tier 1 Entr Extension has now been approved.

Timeline for the second application after the first refusal based on the fact that I missed the statement "surbodinated in favour of third party creditors" on the Director loan is as follows:

Wrote an ammended agreement and attached it to the original then sent in the application - 13/03/2017 by next day delivery,
Application received by HO - 14/03/2017,
Biometric letter received - 06/04/2017 and Biometrics given a week after.
Exceptional complex letter received - 25/04/2017,
IHS partial Refund - 19/07/2017,
Online Status Updated - 20/07/2017. With case ID showing "DECIDED" but with Royalmail ref (as at today) still showing "Awaiting decision, last updated in April".
Documents Received - 25/07/2017,
BRP received - 27/07/2017 (I had to ring DX secure on 08443710000. They claimed to have attempted delivery on 21 & 22 but left no missed you card).

Note: Prayed some dangerous prayers and also got MP involved few weeks ago when I was fed up with the delay. This may be for somebody.

Many thanks to all those who advised and guided, especially Zimba.

Congratulation, so happy for you dear !!

The amended Loan agreement you submitted which date you put, if you making the new agreement for new application it should be after the date of your last application expired. (means the initial application like in your case its seems like expired in dec. last year when you applied for extension). I would appreciate your input. Thank you

Thank you friend,

As the first Loan Agreement was faulted by H.O, the Amendment (not a new Loan Agreement) was written and dated 3 days after the refusal letter's date (i.e. few days before the second application was submitted as there was the need to update some other documents too). Then I attached the Amendment to the original (faulty) Loan Agreement. I didn't change the date on the original (faulty) Loan Agreement or alter it in any way. The Amendment (witnessed by a legal practitioners or you can ask your accountant to help) took care of that.

Dont forget to get your Accounts up to date, include up-to-date Current Director's Report and History page (with invoice attached from companies house), up-to-date maintenance fee and other original documents if they are returned. Remember to check all docs that need to be up to date. Treat your second application as an entirely new application.

Finally, its advisable to include a cover letter to wrap up everything, stating what went wrong with the first application and how you've fixed it.

Note: Make sure you follow the policy guidance to the letter.

[zimba]

Congratulations on your visa
There is no need for two parallel threads discussing the same thing

uk-tier-1-entrepreneur-visas/2nd-applic ... 36013.html