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Old 5th Mar 2011, 10:42
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Adios
 
Join Date: Jun 2006
Location: UK
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Dublin Eire,

Wouldn't happen to be a guy in a dodgy suit, charges 70% interest and failure to pay back means a baseball bat to the head in the middle of the night? I'm sure there's more to it though; secured on assets?
I didn't realize Michael O'Leary was offering flight training loans!

I don't know of a single Irish bank willing to offer deferred repayments on a secured loan. I also don't know of any that would grant a secured loan in a student's name if the security is the property of a different person.

I will be very surprised if Dreamliner Guy is getting anything other than a mortgage (first, second or extended) in the name of the property owner. I will be even more surprised if he is getting a repayment holiday.

Just about anyone who owns a property that has significant equity built up can get a secured home equity loan in their own name from a local bank, but repayment holidays are extremely unusual and usually incur high interest.
Adios is offline