Hi all,
[u]people applying for this category cannot show funds in third party account in UK[/u]
below is something I copied from another forum…
Point 98 of policy states:
98.You must provide one or more of the following documents
(Second point under it states)
For money held in the UK only, an account statement;
Now come to point 100:
100. For money held in the UK only, a recent personal bank or building society statement from
the UK financial institution holding the funds, which confirms the amount of money available
to you or your entrepreneurial team.
(Fourth point under it states)
The account must be in your own name only (or both names for an entrepreneurial team)
only. Accounts in the name of a business or third party will not be accepted;
For your correction, Friends and Family members are also included in third party. Point 103 is as follow:
103.Third parties (other contributors of money) may include family members, as well as other
investors or corporate bodies.
In any of the above cases you need letter from them and also to satisfy point 98 and 100.
Now I am summarizing it as follow:
Uncle is residing in UK and he has funds for you (He is third party). To satisfy point 98, a bank statement is needed because money is held in UK only.
BUT the question is whose statement?
Now answer is in point 100 which states that account must be in your name, not in third party or business name. To satisfy this point, the money from uncle's account must be transferred in your account with your name. Also a letter from Uncle must be attached that he has given you this money. In this way you dont need letter from bank.
I think it is very clear. And dont be a victim of money maker immigration consultants who arrange only a letter from third party without transferring money in applicants account. It is a big debate now a days. If you have any visa granted without money transfer then please share. Money transfer clause is only for the money held in UK. It is not for overseas third parties. Overseas third parties can only give statement and declaration with bank letters.
(
http://www.immigrationboards.com/viewtopic.php?t=114934)
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