Temporary importation is restricted to aircraft owned outside the EU, that are not staying in the EU for more than 180 days in a 12 month period, and that are not available to EU residents for flights within the EU, unless otherwise authorised.
There are many companies offering finance for the purchase of an aircraft.
The Regulation was subsequently amended on 6th April 2010.
The Regulation, as amended, specifies the minimum levels of insurance required by aircraft operators and air carriers in respect of third party cover, passenger cover and cover for risks of war and terrorism.
You should approach a suitable Aircraft Engineer to ask if they would carry out an inspection for you and under what terms and cost.
You may not find an engineer willing to put anything in writing in case of possible litigation against them on the basis of their inspection.
If you are buying your aircraft through a broker they may also offer to arrange finance.
To convert to GBP, You can find the current exchange rate here.* Aircraft and micro-lights with a MTOM of less than 500 kg used for non-commercial purposes or used for local flight instruction which does not involve crossing international borders are not required to insure against war and terrorism (war risk). For non-commercial operations with aircraft having a MTOM of 2,700 kg or less, the minimum level of passenger insurance shall not be less than 100,000 SDRs per passenger.In all other cases the minimum level of passenger insurance shall not be less than 250,000 SDRs per passenger."The CAA will normally consider evidence of insurance, and therefore compliance with the Regulation, on the basis of the exchange rate between Sterling and the SDR in place at the inception of the policy.Different aircraft types suffer from known problems particular to that type.Owner club websites are also a good source of information.