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50K+ Maintenance Fund

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

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hv
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50K+ Maintenance Fund

Post by hv » Tue Feb 05, 2013 10:31 am

I showed maintenance fund 4 months in my account and showed 50K in same account , my account at end was 50K the date before application , is it acceptable for UKBA?

Regards

HV

hv
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Post by hv » Tue Feb 05, 2013 1:08 pm

Is there any suggestion for the posted question thanx

HV

buntyz
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Post by buntyz » Tue Feb 05, 2013 5:03 pm

hi hv u need to show 50k and d maintainance funds on d top.dey nt gonna consider ur maintainance in 50k

rehan01
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Re: 50K+ Maintenance Fund

Post by rehan01 » Wed Feb 06, 2013 2:01 am

hv wrote:I showed maintenance fund 4 months in my account and showed 50K in same account , my account at end was 50K the date before application , is it acceptable for UKBA?

Regards

HV
your account balance should be £50,900 at the end of statement in which £900 should be maintained for 90 days minimum .... if your balance is 50k only than you have not submitted the proof of maintenance and it probably will cause problem.

do you have any other account where you have £900 balance for 90 consecutive days on the date when you submitted your application?

hv
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Post by hv » Wed Feb 06, 2013 6:55 am

Thanks for your help, I applied and I am waiting now. The balance was 50K the day before application; I have showed two statement 50K and maintenance statement not less than 900 for 4 month from one bank account.
For maintenance fund, I have to show the balance is not less than 900 for 3 three month so is there any problem?
If there is problem, can I send new statement after application?
Please help me,
Thanks,
HV

hv
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Post by hv » Wed Feb 06, 2013 6:57 am

I donot have any other account with 900 for three months .
Thanks,
HV

dd156
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Post by dd156 » Wed Feb 06, 2013 10:56 am

If it is possible to send a new statement (I suggest you send one to them if possible), then open a new personal account, add 900 Pounds to that account. I think (not sure) that this can count towards the 50,000, as that does not have to be held for 3 months before applying.
So you'll have 900 for 3 months, and 49,100 for the investment. To add to that, you can perhaps show 900 towards investment in a different account that you may open now.

rehan01
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Location: London

Post by rehan01 » Wed Feb 06, 2013 1:30 pm

hv wrote:Thanks for your help, I applied and I am waiting now. The balance was 50K the day before application; I have showed two statement 50K and maintenance statement not less than 900 for 4 month from one bank account.
For maintenance fund, I have to show the balance is not less than 900 for 3 three month so is there any problem?
If there is problem, can I send new statement after application?
Please help me,
Thanks,
HV
Can you please clarify that how many bank statement you submitted ? You mention you submitted 2 statement so you trying to say you submitted two copies of same account statement one for 50 k funds and other copy for maintenance funds ?

If that is the case than your balance should be 50,900 and minimum balance of 900 must be maintained for 90 days in tht statement.

hv
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Post by hv » Thu Feb 07, 2013 12:27 pm

Many thanks for your answer.

I have attached two statements from one bank account; one is 50K at date before application, another 4 months not less than 900.
How can they separate these two funds? For example, maybe I prepare maintenance fund statement the days before my 50K fund statement?

Thanks
HV

rehan01
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Location: London

Post by rehan01 » Thu Feb 07, 2013 1:21 pm

hv wrote:Many thanks for your answer.

I have attached two statements from one bank account; one is 50K at date before application, another 4 months not less than 900.
How can they separate these two funds? For example, maybe I prepare maintenance fund statement the days before my 50K fund statement?

Thanks
HV
so you attached 1 account statement but 2 copies with different statement ending dates ?

you played very smart and might get away but I doubt it as its entirely upto the case worker how much details he will look into this.

ideally you should have one statement with balance of £50,900 where your account balance shouldn't be under £900 for last 90 day and you will be fine but now just wait and watch.

regrds

esic_sonia
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Post by esic_sonia » Sun Feb 10, 2013 7:00 am

I do not think it should be a problem. Some people do have only one bank account.

The only problem UKBA have is that you must not show that you have used £900 from £50,000 of funds.

Anyways, It's always advisable to keep your sponsor and maintenance funds separate!

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