Yomomma -
You are not bonded if you are accepted for the flybe MAPS scheme. Basically you are paying for the course as per a self-sponsored student. The difference kicks in with a bit of mentoring and monitoring from flybe during your training. If you meet all of flybe's requirements and they have a need for pilots (i.e. no guarantee), they'll pay for TR and upset at which point you'll become bonded to the airline (feel free to correct if this wrong). During your initial training I imagine there is opportunity to jump ship for another airline if you impress enough, as you are paying for the entire course yourself and not under obligation to join flybe (quick tip - don't mention jumping ship at interview).
I would have thought reading all the bumph and knowing what you were getting into before applying would have been wise
. Good luck.