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Directors loan- Extension

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

Moderators: Casa, John, ChetanOjha, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix

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Rocher
Junior Member
Posts: 91
Joined: Sat Jan 21, 2017 9:50 pm

Directors loan- Extension

Post by Rocher » Mon Jan 23, 2017 5:44 am

our extension is due soon we are on 50 k PSW route and in our initial application we submitted directors loan agreement for three years and now these three years has been expired.

Now we are wondering how to extend that loan agreement. shall we make a fresh loan agreement says that it has been extended for another 3 years or shall we just make the cover letter on companys letter head that it has been extended for another 3 years.

Respected Gurus are requested to spot some light on this confusion. thanks

Meesha
Senior Member
Posts: 504
Joined: Thu Dec 26, 2013 12:51 am

Re: Directors loan- Extension

Post by Meesha » Mon Jan 23, 2017 12:57 pm

Have you claimed points for investment in initial application? if so you dont require to submit investment points section documents again.

Rocher wrote:our extension is due soon we are on 50 k PSW route and in our initial application we submitted directors loan agreement for three years and now these three years has been expired.

Now we are wondering how to extend that loan agreement. shall we make a fresh loan agreement says that it has been extended for another 3 years or shall we just make the cover letter on companys letter head that it has been extended for another 3 years.

Respected Gurus are requested to spot some light on this confusion. thanks

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zimba
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Re: Directors loan- Extension

Post by zimba » Mon Jan 23, 2017 2:30 pm

If you already provided this as a proof of investment before why do you need to extend it again ?
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Rocher
Junior Member
Posts: 91
Joined: Sat Jan 21, 2017 9:50 pm

Re: Directors loan- Extension

Post by Rocher » Tue Jan 24, 2017 5:22 am

zimba88 wrote:If you already provided this as a proof of investment before why do you need to extend it again ?
thanks for your reply

how the case worker will find out that investment points has already been awarded???

as far as I know we have to show something on which grounds the investment points have been awarded in initial successful investment.

noajthan
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Posts: 14911
Joined: Sat Oct 25, 2014 12:31 pm
Location: UK

Re: Directors loan- Extension

Post by noajthan » Tue Jan 24, 2017 9:25 am

Rocher wrote:
zimba88 wrote:If you already provided this as a proof of investment before why do you need to extend it again ?
thanks for your reply

how the case worker will find out that investment points has already been awarded???

as far as I know we have to show something on which grounds the investment points have been awarded in initial successful investment.
By checking your file.
All that is gold does not glitter; Not all those who wander are lost. E&OE.

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