Iceman, be realistic, where can you get a CPL-IR-ME for £16,000? What about CAA flight test fees at about £650 a pop, plus 3 hrs ME aircraft hire for the tests (min £500), plus CAA license issue fees. None of the quotes I have obtained in the UK ever inculde these extra fees. So thats an extra £2200 for tests and I think £180 for license issue fee. Also what about budgeting for partial passes and retakes?
If you are going to commit to this training and the enormous cost, at least be as accurate and as pessimistic as you can when budgeting. Can you imagining running out of money having just failed an IR flight test?