View Full Version : Financing the CPLH and IR rating
Please can anyone that has progressed via the modular route to CPLH and IR, other than bank loans or remortgaging the house, what options are available to me to finance the hours building, CPLH and IR courses.
XTEC
Pandalet
19th Mar 2008, 14:37
Rob a bank? Win the lottery, perhaps (I hear that's popular for pension planning, too)?
Bravo73
19th Mar 2008, 15:17
Sell a business?
'Play the markets'? (ie Speculate on the imminant economic downturn)
Borrow off friends and/or family?
What you're essentially asking is 'how can I raise £100k without borrowing?' Right? Well, I'm afraid that there isn't really an easy answer. Otherwise we would all be doing it!
(But step 1 should be: reduce your costs and increase your income. This might mean moving back in with your parents (if this is an option), cutting back on your socialising, driving a banger (if at all) and working multiple jobs. This seems to have worked for some of the FW types over on Wannabees.)
HTH
Thank god for that, I thought I might have to work the streets or sell non vital bodily parts for medical research.
Does anyone know of any bank that provides help with career development loans? HSBC do not recognise a career as a helicopter pilot, why ever not!
jemax
19th Mar 2008, 16:01
Having been through the whole process over the last 3 years, I reckon £100k to IR, is a bit conservative now, what with rising fuel prices etc. Just the ME IR is at least £40k.
biggles99
19th Mar 2008, 21:12
Try Brian Kane, Aerofinance.
you'll need security, but they are quite flexible.
Good luck,
Big Ls
Pandalet
20th Mar 2008, 09:58
HSBC do recognise helicopter pilot for the professional career development loan - it just depends on the branch. Try other branches if yours won't. That said, they'll only loan you up to £25k without security (ie. a house or similar).
Thanks to all that have replied, this was also my first post on PPRuNe. I will contact Aerofinance and HSBC.
Good Easter to all.
Big Ls
I contacted Brian at Aerofinance, what a thoroughly decent and gentle man he is. It was a pleasure talking with him today. Thank you for recommending him.
XTEC
Rotorhead412
10th May 2009, 21:59
Oh jaysus lad! Welcome to the club!
All i can say is i hope you've a good credit rating with your bank!
Thats the only way any of us have done it! Ask the damn recession creators!
Good luck all the same! You'll need it in this game! :ok: