50k investment sponsorship

[rizwan567]

I will be thankful If someone could answer the question:

An investor has 110k in his single bank account.

Can he separately sponsor 50k+50k for two separate applicants by using a single bank account? Both the applicants are sole applicant (not forming team).

An investor/sponsor will issue two set of following documents for each applicant:

CASE A:
1. Bank letter: confirming that his current bank balance of 110k of which 50k is available for investment for Mr. X.
2. Declaration from sponsor/investor: confirming that his current bank balance of 110k of which 50k is available for investment for Mr. X.
3. Letter from lawyer


Case B:
1. Bank letter: confirming that his current bank balance of 110k of which 50k is available for investment for Mr. Y.
2. Declaration from sponsor/investor: confirming that his current bank balance of 110k of which 50k is available for investment for Mr. Y.
3. Letter from lawyer


Will the above scenario work?
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I have examined the policy guidance in detail and it is no where mentioned that what is the procedure of handling this situation. But my interpretation of the guidance is that it is possible. As per UKBA guidance:

Bank letter must also confirm each of the following details:
• that the institution is regulated by the appropriate body;
• your name, and your team member’s name if you have formed a entrepreneurial team;
• the date of the document;
• the amount of money available from your own funds (if applicable) that are held in that institution;
• the amount of money to you from any third party (if applicable) that is held in that institution;
• the name of each third party and their contact details. These must include their full address including postal code, landline phone number and any email address;

[rizwan567]

so many views of the post but sadly no reply.... members please shed some light on the above stated issue..

[nickb]

so many views of the post but sadly no reply.... members please shed some light on the above stated issue..

I don't see why there should be a problem as long as the bank letter clearly mentions all the required details. If I was in your place, I would attach an affidavit from the investor stating that he is making the funds available to two different parties and he can afford to do so because he has 110k available. This would clear any confusion.

Btw this is my take to handling this situation. Best advice would be to speak to a solicitor and get their opinion.