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. Looking for helpful replygulrose786 wrote:Hello everybody tier 1 ent (psw rute) applied in February first week and got refusal yesterday. Reason for refusal..... Me and my partner had 25k each in our bank accounts here in UK bank. We submitted our bank statements, balance confirmation letters and affidavits stamped by solicitor that money is equally availabe but case raised a issue that bank letters from each side should mention that your money is equally available to both of you. Banks have refused to give us such letters which is against their policy. Expert opinion required for appeal. Regards Gulrose
Still Waiting for good replygulrose786 wrote:. Looking for helpful replygulrose786 wrote:Hello everybody tier 1 ent (psw rute) applied in February first week and got refusal yesterday. Reason for refusal..... Me and my partner had 25k each in our bank accounts here in UK bank. We submitted our bank statements, balance confirmation letters and affidavits stamped by solicitor that money is equally availabe but case raised a issue that bank letters from each side should mention that your money is equally available to both of you. Banks have refused to give us such letters which is against their policy. Expert opinion required for appeal. Regards Gulrose
. I would like to thank you for ur response to my query. I m going to discuss with the bank tomorrow about third party mandate option lets see what will come out. Otherwise we must stick with only one point that bank has refused to provide us those letters because it is breach of their terms and conditions and will be punished by FSA. Ukba should amend their policy guidance.Khizar wrote:Hi dear, I have got the same refusal reason last week.
I & my friend applied as entrepreneur team and we are having 20k each in our personal bank accounts whilst 10k had been invested already.
We sent our individual bank statements , stamped plus with covering letter from bank, confirming the amount of money, and have also sent partnership contract in which we both declared that we have planned to invest 25k each and have equal shares in our ltd company. This declaration was attested by a solicitor, BUT we received the same refusal reason that we each each side should mention that your money is equally available to both of you.
UK banks don't issue such kind of bank letters.
I have spoke to one of the solicitors and he has advised me that since the banks don't issue such kind of letter but you have supplied the declaration which is attested by a solicitor and is signed by you and your business partner plus you are still having same money, we will fight the case in court and will WIN.
I am not sure what happens next: Any advise in this forum will be highly appreciated as this type of refusals directly effect the two applicants (Team Members).