YOUR QUESTIONS ANSWERED

The answers you need when considering a purchase

  • Can I buy from a private seller or am I restricted to dealers?

    You can buy your aircraft through a dealer or from a private individual. We can help you with finance in both cases.

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  • How do I ensure that there is no lien or existing charge on the aircraft?

    It's important to know if the seller actually owns the aircraft in its entirety. You can approach the CAA yourself regarding UK registered aircraft and request a search on it for a nominal fee. However, we will carry out a search when registering our charges with the CAA before the funds are released for your purchase.

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  • Do I need to have a survey and valuation?

    You don't need a survey on a new aircraft or helicopter. For a second-hand purchase however, we recommend you contact an accredited surveyor and ask them to provide you with a full survey. Should you go for a survey, please make sure you are satisfied with your chosen surveyor's professional standing and professional indemnity insurance.

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  • Must I register the aircraft or helicopter?

    Yes, the aircraft or helicopter will need to be registered with the UK's Civil Aviation Authority or the Federal Aviation Authority in the USA.

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  • Can I change the registration mark on the aircraft?

    Yes this is possible, but you will need to notify the relevant aviation authority by completing their required forms. You'll also need to notify us.

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  • Can I charter the aircraft?

    Yes, you can charter your aircraft under the terms of our mortgage, as long as we are made aware of this. Of course this will also be subject to the operator having an Air Operator's Certificate.

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  • What happens if I need to have an engine overhaul?

    We can offer finance (subject to status) for engine overhauls.

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  • Will I need insurance for my aircraft or helicopter?

    Yes, your aircraft or helicopter must be comprehensively insured with a UK insurer and our interest noted on the policy.

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