Cottpilot - If £89,000 is a stretch I would perhaps consider waiting and saving at little more.
It is not only easyjet where you are given £1200 per month as a living allowance for 8 months but that is where the majority of people are placed.
Looking briefly at the EZY MPL scheme - £69k + £20k initial training + £19k advanced training. So £108k. Plus CTC recommend £5k pa living costs = £118k over 2 years training.
CTC Wings + Easyjet type rating = £69k + £20k + £11.5k TR + living costs = £110.5k
As others have said previously, for the first year your income will not cover your outgoings and you need to assume you will not be based near home and so will need to rent a room.
My income in the first year was £11300 net. I’m guessing your loan repayments to be circa £9-10k pa, plus £5-6k for a room and similar for living costs (fuel & food). So you’ll need another £10k to balance the books.
So I would budget £120-130k to get you through training your first year of flying. I hope that helps.