Hsbc Psl
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Hsbc Psl
Hi all
Was just about to send of my application form toHSBC for the loan which they provide for the training. I am just interested to know how people got on with the process recently, (during the midst of the so called credit crunch (2007/2008)) and what "buttons to push" in the application form. It seems as though the contingincy plan and security, is what they take quite serious. I've tried searching the forum already and found some however the treads where quite some time ago.
im to join Cabair in October/november course so i shod have enough time to apply. Also interested in what steps are involved in the process as I have not had much luck in contacting HSBC with this.
Many thanks in advance and Happy landings
Emmett
Was just about to send of my application form toHSBC for the loan which they provide for the training. I am just interested to know how people got on with the process recently, (during the midst of the so called credit crunch (2007/2008)) and what "buttons to push" in the application form. It seems as though the contingincy plan and security, is what they take quite serious. I've tried searching the forum already and found some however the treads where quite some time ago.
im to join Cabair in October/november course so i shod have enough time to apply. Also interested in what steps are involved in the process as I have not had much luck in contacting HSBC with this.
Many thanks in advance and Happy landings
Emmett
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I'd agree that security and contingency plan are v. important. You might find that the wider world of HSBC are pretty ignorant of the PSL for commercial flight training - it tends to be one or two people at one or two specific branches (e.g. Cornmarket Street, Oxford for OAA students) that know about the specifics of the PSL in this case.
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The Milton Keynes branch that work in cooperation with the cabair ab-initos provide full funding assistance for the integrated course + living expenses provided you have a sound business/contingency plan and have some sort of security.
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Ahh shruggs, a re-read of your initial post would hazard me a guess your probably aware of the above.. I wasn't aware of this scheme until i recently attended a cabair seminar in which they told us about it.
The contingency plan: A decent degree wouldn't do too much harm i suppose, neither would a strong employment history.
The contingency plan: A decent degree wouldn't do too much harm i suppose, neither would a strong employment history.
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Thanks for your replies people. Much appreciated..
Yeah just graduated out of uni wit degree in mechanical engineering and have about a years experience working now as a engineer and a ppl, hoping the bank look favourably. so im hoping that, that will be good enough for them. Security,,, well gonna have to ask the parents....
Contingincy plan prob to just gain employment back in the engineering industry and by the looks of things that doesnt look a prob, in ireland anyhow.
many thanks
Yeah just graduated out of uni wit degree in mechanical engineering and have about a years experience working now as a engineer and a ppl, hoping the bank look favourably. so im hoping that, that will be good enough for them. Security,,, well gonna have to ask the parents....
Contingincy plan prob to just gain employment back in the engineering industry and by the looks of things that doesnt look a prob, in ireland anyhow.
many thanks
Last edited by Emmett01; 6th Aug 2008 at 08:18.
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You have a solid degree, experience in the field, experience in the air and your contingency plan seems sound, as long as your parents can be guarantors you should have no problem in getting the loan.
I personally believe if you perform well in flight school and posses some fairly competent social skills, you shouldn't have too much of a problem when it comes to finding a job, given your experience and maturity.
Furthermore if you cannot find employment post training, you always have a decent fall back into a well paid job until the industry picks itself up again.
You have covered your back and have gone about training in the best possible way, well done and all the best to you matey!
I personally believe if you perform well in flight school and posses some fairly competent social skills, you shouldn't have too much of a problem when it comes to finding a job, given your experience and maturity.
Furthermore if you cannot find employment post training, you always have a decent fall back into a well paid job until the industry picks itself up again.
You have covered your back and have gone about training in the best possible way, well done and all the best to you matey!
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I personally believe if you perform well in flight school and posses some fairly competent social skills, you shouldn't have too much of a problem when it comes to finding a job, given your experience and maturity.
Emmett if you are insistent in ignoring people and continue with your training, ensure you borrow another 3 or 4k against your parents house to pay for 1 hour every two months for twin currency, two IR renewals and some sim practise in 24-30 months or so which is when the airlines will be recruiting again. Also factor in two years extra interest and base you repayments on half your anticipated start salary as the best jobs will be going to those who timed their training better and are just graduating "fresh" from your school or Oxford.
Not wanting to hijack your thread, if you do start training then full marks for dogged determination but accept it will be a long while until you get a job.
Truth hurts sorry
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What a load of tosh, the guys made two posts on here and you are encouraging him to borrow against his mums house in probably the worst downturn in ten years. You are an idiot or work for Cabair
Emmett if you are insistent in ignoring people and continue with your training
ensure you borrow another 3 or 4k against your parents house to pay for 1 hour every two months for twin currency, two IR renewals and some sim practise in 24-30 months or so which is when the airlines will be recruiting again. Also factor in two years extra interest and base you repayments on half your anticipated start salary as the best jobs will be going to those who timed their training better and are just graduating "fresh" from your school or Oxford.
Im sorry your argument is flawed with ambiguities. If it's that you disagree with the integrated route, which seems apparent, don't plague this thread with incoherent insults which are highly unproductive and unnecessary.
Not wanting to hijack your thread, if you do start training then full marks for dogged determination but accept it will be a long while until you get a job.
Last edited by WQ - ingo; 6th Aug 2008 at 20:57.
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How can you predict when the airlines will be recruiting again?
Get a grip - its sh1te for wannabees and will be for two years at least, dont encourage others down a rash course of action. Emmett do an IMC, build hours on your salary, do the exams..... when theres the sniff of it picking up again do the CPL and IR in 5 months and be first in the queue.
Dont listen to other wannabees avoid risk right now do yourself a big favour.
Ive seen peeks and troughs twice now
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practise in 24-30 months or so which is when the airlines will be recruiting again.
Get a grip - its sh1te for wannabees and will be for two years at least, dont encourage others down a rash course of action. Emmett do an IMC, build hours on your salary, do the exams..... when theres the sniff of it picking up again do the CPL and IR in 5 months and be first in the queue.
Dont listen to other wannabees avoid risk right now do yourself a big favour.
Ive seen peeks and troughs twice now
Dont listen to other wannabees avoid risk right now do yourself a big favour.
Ive seen peeks and troughs twice now
Totalitarianism is not needed here mystic meg..
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Where is my encouragement? I was merely accrediting his contingency plan, the sole purpose of this thread.
You have a solid degree, experience in the field, experience in the air and your contingency plan seems sound, as long as your parents can be guarantors you should have no problem in getting the loan.
I personally believe if you perform well in flight school and posses some fairly competent social skills, you shouldn't have too much of a problem when it comes to finding a job, given your experience and maturity.
I personally believe if you perform well in flight school and posses some fairly competent social skills, you shouldn't have too much of a problem when it comes to finding a job, given your experience and maturity.
Stick to teaching English. The guy has a solid non aviation job which can support a well thought out modular, No problem with integrated if this was the end of 2004, then I'd be suggesting that you get on any integrated course available - times change, roll with it.....
Mass employment (such as in 2005/6) for wannabees is 3 years away, the early signs of employment if it does happen in your 12-24 month timescale will be very much on the employers terms with paid TR's and crap salaries being offered, so dont expect to pay of a 70k loan on 18k per year when your "plan" is based on 2007/2008 FO salaries and enjoy life much.
Better if able to have the 30k left over to pay for your first crap type rating ouright and be unbonded and then as things improve go for the glory job on the big bucks with some operational experience and heavier a/c time. I know funding is more difficult on modular but not impossible.
How anybody can offer advise to others recommending that somebody else puts their parents house up for security in the current climate is beyond me.
Last post on here about this - many apologies for hijacking the thread, best of British with whatever you decide to do.
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thansk WQ-ingo, appreciate all your advice even if there are a few f
kin doom glooms on this forum....
I believe that is the only way to possibly get secured at present is through tangential assets aswell. just have totalk nicely to the parents... I think my contingincy plan is steady enough and thank you for the advice on it again much appreciated
G-Spots having the house on the line has no effect as long as i manage to obtain an steady income within the out year they allow to find a job.. Just have to apply engineering jobs as well then. Aswell explain why the next three type rating courses with flybe are full up... must be some recruiting... the house is only there as a precation for the bank until the loan is paid up.... but thanks for your advice aswell... it is a bad time but why not use this bad time to do my training instaed on doing it during a period of high employment... The industry may have recovered by the time ive finished it but it may not... im gonna take the chance because ive a solid back-up plan.....
p.s Im irish so the BEST OF IRSIH!!! !!!
kin doom glooms on this forum....I believe that is the only way to possibly get secured at present is through tangential assets aswell. just have totalk nicely to the parents... I think my contingincy plan is steady enough and thank you for the advice on it again much appreciated
G-Spots having the house on the line has no effect as long as i manage to obtain an steady income within the out year they allow to find a job.. Just have to apply engineering jobs as well then. Aswell explain why the next three type rating courses with flybe are full up... must be some recruiting... the house is only there as a precation for the bank until the loan is paid up.... but thanks for your advice aswell... it is a bad time but why not use this bad time to do my training instaed on doing it during a period of high employment... The industry may have recovered by the time ive finished it but it may not... im gonna take the chance because ive a solid back-up plan.....
p.s Im irish so the BEST OF IRSIH!!! !!!
You have noticed the massive house price crash in the Republic haven't you?
Your plan seems as uncomplicated as borrowing some money to do a full time course and get your parents to guarantee the loan presumably using the house as collateral.
Go right ahead. Ignore the worst trading conditions the industry has ever faced next year. Ignore the increasing price of debt and the decreasing values of the collateral secured against it. Ignore the hummingly bad recruitment market for Wannabes over the next 2 years (I don't predict it - I guarantee it). Ignore a cheaper training route requiring less net debt which will deliver you the market place further into the future at a better time to be delivered.
Ignore all this. I have several old friends still in the flying training business and they need your money fast. The numbers undertaking PPL courses are plummeting. Wide Eyed Wannabes are therefore urgently needed in the flying training industry.
Do not delay - sign a loan agreement immediately.
WWW
Your plan seems as uncomplicated as borrowing some money to do a full time course and get your parents to guarantee the loan presumably using the house as collateral.
Go right ahead. Ignore the worst trading conditions the industry has ever faced next year. Ignore the increasing price of debt and the decreasing values of the collateral secured against it. Ignore the hummingly bad recruitment market for Wannabes over the next 2 years (I don't predict it - I guarantee it). Ignore a cheaper training route requiring less net debt which will deliver you the market place further into the future at a better time to be delivered.
Ignore all this. I have several old friends still in the flying training business and they need your money fast. The numbers undertaking PPL courses are plummeting. Wide Eyed Wannabes are therefore urgently needed in the flying training industry.
Do not delay - sign a loan agreement immediately.
WWW
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for starters the house is in the north... secondly they are not crashing down south... get the facts right before you post........
i just wanted advice for it not a sarcasm parade so fk of to another thread to act da maggot....
if we all listed to www, there wouldnt be any aeroplanes cause there wouldnt be any pilots.....
sounds like u suit ur username......
i just wanted advice for it not a sarcasm parade so f
k of to another thread to act da maggot....if we all listed to www, there wouldnt be any aeroplanes cause there wouldnt be any pilots.....
sounds like u suit ur username......
Is your first language English or should we be making allowances?
The only difference in house prices either side of the border is the rate at which they are crashing. Its a dead heat between the Spanish Costas, Dublin and Belfast.
WWW
The only difference in house prices either side of the border is the rate at which they are crashing. Its a dead heat between the Spanish Costas, Dublin and Belfast.
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Stick to teaching English. The guy has a solid non aviation job which can support a well thought out modular
How anybody can offer advise to others recommending that somebody else puts their parents house up for security in the current climate is beyond me.
The contingency plan seems to consist of nothing more than regaining employment as a graduate engineer based on a basic degree and one years experience.
In a recession (UK and EIRE) I would rate this contingency plan as being as robust as the house of straw. The Wolf will be the bank looking for its PSL repayments and the little piggies will be his parents.
This plan is piss poor and if you don't want to hear that then by all means go right ahead and throw yourself over the cliff. My mates in the training industry need you to do this and you'll find plenty of company. Enjoy.
WWW
In a recession (UK and EIRE) I would rate this contingency plan as being as robust as the house of straw. The Wolf will be the bank looking for its PSL repayments and the little piggies will be his parents.
This plan is piss poor and if you don't want to hear that then by all means go right ahead and throw yourself over the cliff. My mates in the training industry need you to do this and you'll find plenty of company. Enjoy.
WWW
Oh - an WQ - ingo, please quit advising wannabes based on the fact you only decided two months ago to sign up with Oxford because they could sort you out a loan which you couldn't arrange yourself.
You are the credit crunch personified. Spending money on loan simply because its available based on nothing more than blind hope. You don't have a 125% Northern Rock - Together mortgage as well do you?
THIS is how large FTO'f afford free coffee, glossy brochures and receptionists.
WWW
You are the credit crunch personified. Spending money on loan simply because its available based on nothing more than blind hope. You don't have a 125% Northern Rock - Together mortgage as well do you?
THIS is how large FTO'f afford free coffee, glossy brochures and receptionists.
WWW
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well its gud to see some people have some kinda sense (WQ-ingo).... by the way www...
glactar leis an Sacs-Bhéarla mar theanga oifigiúil eile;
naw english isnt.............
your wrong ...www...(priocadh)
slan!!!!
glactar leis an Sacs-Bhéarla mar theanga oifigiúil eile;
naw english isnt.............
your wrong ...www...(priocadh)
slan!!!!