Well for me the loan is the only viable option of gaining a fATPL before I'm 40!! As you say security is required and my own personal situation being one that I'm 22 with a couple of years credit history and no home ownership means my parents going gaurantor on the loan and sercurity being theirs and my home!! Which I'm deeply grateful for towards them in trusting me and allowing me to pursue that dream!!
The loans themselves are based on 2% above the Bank of Englands interest rates and the way it is going the costs will continue to rise.Though I'm sure as hell am going to give the dream a damn good go!!
I havent spoken to Oxford themselves regarding the loans but will be visiting them this Thursday while I'm over to do my Class 1 medical(fingers crossed) and so will no doubt bombard them with questions.
Regards