It will be interesting to see how the training schools and airlines handle this. With specific "pilot training" branded loans being available, I don't think it was necessarily perceived by the general public and parents of potential cadets that the loan was in itself a mortgage, it was simply seen as a secured loan, a bit like a student loan but secured on a house "just in case". That's at least the impression that I got.
Flight training schools and airlines are both very keen on protecting their image and the "pilot training loans" (note "loans", not "mortgages") were clearly part of that image. If it got into the wider public domain and media that the only way to borrow was a straight remortgage, the thin veneer of accessibility that the old branding gave would be gone.
Of course, many students (or their parents) do go for the straight remortgage option but it will be very interesting to see how the
PR handles the reality that this may now be the only option for borrowing.