Loans, best way to do it?
Hello, I am a pilot student, 22 years old, full time job with the NHS since 1 year ago.
My parents paid me the ppl, but IŽll have to manage with the rest, which is around 40.000 pounds more? if not more.
I manage to keep around 800 pounds a month after paying taxes, flat, food...which is around 9600 per year.
It may sound innocent but...will a bank lend me 20.000 pounds?
My parents (spanish) have some properties there, 2 houses, and 3 cars, but I havenŽt asked them if they would like to put some of that as a guarantee...
Would a bank give me a loan with just my permanent job with the NHS, without guaranties as a house?
If I get the loan, I would become a pilot in 2 years, whereas without it I would need more than 4 years from now.
Honestly, I would prefer being a pilot in 2, paying (comfortably) around 300-500 a month to the bank for the next 5 years.
If I get a job flying in that time perfect, if not, IŽll stay with the NHS until paying the money.
Would you recommend ME+MCC or FI after the CPL and IR, considering my money would be limited...
I will appriciate any advice.