Mate it's a strange time to be in the business right now ...
There are good people who've been waiting their turn instructing since well before 9/11 who've got thousands of hours who still can't get a look in, and there are 200 hour wunderkids getting onto jets.
If you are looking at the type of airline which traditionally takes people around the 1000-hour-piston mark (turboprop operators like Flybe, Loganair etc) then you will certainly need an MCC before you bother to apply.
It's always a bigger risk but there do seem to be a few low timers at present who have paid up the big money for a jet type rating and got in with a low cost or charter airline.
However, just like most other places, your chances are pretty minimal here in the UK if you just have the licence and don't have either a type rating or a bunch of hours to distinguish yourself, we are knee deep in <1000 hour unemployed FATPL holders.
The company I fly for is one of the smallest and probably least-glamourous turboprop operators in the UK, we don't even keep CVs with less than 1000 hours, we maybe only hire a couple of pilots a year, and my boss still has two big cardboard boxes fulll of CVs which he throws away and starts refilling again every few weeks
