http://www.pprune.org/forums/post1930578Hi Muppet hopefully I can shed some light on the situation?
I was accepted for the June 27th start date but couldn’t make it due to funding and work circumstances (I work in sales I got a bonus that my company wouldn’t give me if I said I was leaving). Anyway with June start date past and a bonus in the bank I’m looking at getting on the next course.
Initially applied to HSBC with what the manager said was an excellent business plan (it should have been to I had help from an expert!). I finished Uni 3 years ago so everything I have earned has been paying off loans, credit cards & over drafts etc up to the amount of 12K so not much saved! Anyway basics of my loan were focused on my current job which is very well paid with qualifications to re-enter it if flying went tits up, security from my dad in the way of a bond (amount of which is more than what was applied for or house which ever they preferred) Medical, acceptance letter from FTE forecasted earning etc…………………..
however they wouldn’t entertain it as I wasn’t putting enough capital into the proposal, but said if I met them 1/3 of the way they probably would!
This gave me two options
1. Apply to a different branch (even the guy in Chester said different branches make different decisions)
2. Try a different Bank
3. Try and get your parents to take out an interest only mortgage
I have tried BBVA as my friend has said it’s a good deal, I am still waiting for an outcome, I have explained all I know about the BBVA loan on this thread
http://www.pprune.org/forums/post1930578
Need anymore help PM me
And hopefully I will be in Spain soon
Flying on Empty