Financing Solution for CPL upwards

[AHMC]

Hi everyone,

I am currently working with my private banking manager to provide a individual customised financing solution for people who are pursuing a commercial career in aviation.

During my training i've seen the range of financial solutions narrow to the stage where there is no human perspective and pilot financing has reached the "computer says no" stage.

My private banking manager and i agree that the reason for this is due to a loss of confidence from recent years of pilot financing where a significant amount of financing applicants were unable to afford the loans awarded and hence the banks started to close the doors to non-integrated / non-sponsored applicants.

What i am proposing is this - If you are currently on your CPL course, or have completed it, and are looking to finance the remainder of your training either for Flight Instructor or Instrument Rating or both then send me a PM and we can talk further.

I'm not promising a guaranteed yes but what i have arranged is that you will be seen by my senior private banking manager and have the chance to show who you are, what you want, why you want it and how you would pay it back. He will examine your plan on a case by case basis and try to find a solution from a human perspective.

I can say that these people look after high net worth individuals and also those that have the potential for high net worth (ie. pilots). We have worked well together because he arranges unusual financing requirements and pilot financing often requires the unusual.

Payment holidays are available and as long as you are sensible and are not looking at unrealistic amounts like (60,000 unsecured etc) then it is most likely that a solution can be designed for you.

Look at this as a first step in restoring confidence in pilot financing whilst helping you to achieve your dreams as well.

We have agreed a template business plan which i'll work with you to develop before your appointment and that will help him to see all the facts.

Let me know and we can talk further.

AHMC

[rob152]

Sounds interesting but what about trainee pilots that need help with the hour-building and groundschool phase that, naturally, precedes the CPL/MEIR and the like?

I only ask as that is the predicament I find myself in!

Rob152

[AHMC]

Hi Rob152, If you can find a way to get yourself to CPL starting stage, which is PPL, Night, Hour Build & ATPL exams, then we can definitely look at it.

This will then show serious commitment on your part and i can tell you that this is a big plus point.

To be honest you could probably fund the pre-cpl stuff with a personal loan - try northern rock perhaps ( good interest rates ) and get it done.

PM me and we'll talk further if you want.

AHMC

[JB007]

Just a reality check, I urge people to be very cautious with such posts as these...tread carefully...read the big red sentance at the bottom of the page!

[AHMC]

Just a reality check, I urge people to be very cautious with such posts as these...tread carefully...read the big red sentance at the bottom of the page!

Yes - absolutely.

I can say that there is of course no obligation and i'm just trying to help out people who are in the position i was in not long ago. Just to make it clear this is NOT some magic financing solution and there are no guarantees of a yes - however it's a chance to have your facts looked at by the people that specialise in funding unusual applications (ie. pilot training).

The main reason i'm doing this is because i, like many, are used to the "we'll get back to you" attitude of the local branch (of course the phone never rings and nobody remembers your name), basically "computer said no".

I met my now private banking manager who looked at it from a human perspective and made a decision based on the facts i had provided - which is something computers rarely do - especially with trainee pilots. Things have moved on from there and we spoke about helping others at least have the chance to speak to people who have more decision making resources and power than the "computer".

Cheers for the good advice JB007.

[r44flyer]

Constant reinteration of this 'private banking manager' makes you sound like nothing but a loan shark in my opinion.

You of course have my apologies if this is a legitimate proposal, but without some information on this 'private banking manager''s legal liability as a money lender you might not get very far.

[AHMC]

Private Banking Manager - Natwest - simple as that. As for his legal liability as a money lender (being Natwest) - i think he's probably covered ;-)

Sorted out FI/IR financing for me - i was impressed (much diff. from ordinary bank manager plod at local branch). Thought i could help others.

He's agreed to meet with people who are serious about flying commercially and see if he can help them. We've worked on a business plan template so that he can establish all the facts and he'll see what he can do.

The process is this:

- Give me a ring and i'll tell you my experience with him - business plan template etc.
- If you want me to, i'll give him your contact details
- He'll call you and chat to you about your plans
- At some point you'll have a meeting at Natwest and go through business plan
- He'll make a decision

it's that simple.

[Whirlygig]

..and here was me thinking it was Coutt's & Co.! :}

Cheers

Whirls

[AHMC]

he...he...he - yeah - i wish! I think somehow we'd have to work for some time to utilise their services... :-)

maybe when i'm close to retirement...

[Re-Heat]

but Coutts and NatWest are all owned by RBS...!

[skygold]

Hi there

well, lets see if you can help me? I did my PPL and some hour building in SA 6 months ago and now i am selling my house to get the money to continue the training and do CPL,However it is not going to be enought to fund till ATPL. Onces the house is sold i wont posses anithing so i can't ask for a secure loand...How can i go on from here?

Thanks

[Superpilot]

If you want money from Coutts. You will have to work for them. As a contractor! :E

[AHMC]

Hi Skygold,

This would actually be quite a simple thing. As long as you can show that you can afford the loan then it doesn't have to be secured.

As far as i understand it from my contact - they look at what you did for work before you started flying as they assume that if everything went wrong then you would most likely return to that sort of work -(seems a reasonable assumption).

If your previous employment salary is sufficient to live on and pay the loan repayments then an unsecured loan isn't an issue.

They also look at what you hope to do as well - so as long as you can explain about the airline industry and that you wish to become a commercial pilot and show earnings potential - then there is no reason unsecured can't be considered.

What they won't consider is someone who has been unemployed all their life and walks in asking for 60 grand unsecured with no previous history or future job prospects - those days are gone.

If you would like me to arrange for my private banking manager to call you then i can do that - just PM me and you can take it from there. Usually he will chat to you about what you need and why and then arrange a meeting at a branch or he can come to you.

Cheers,

AHMC