Non-synchronous vibrations arising near the stall boundary of compressors are a recurring and potentially safety-critical problem in modern aero-engines. Recent numerical and experimental investigations have shown that these vibrations are caused by the lock-in of circumferentially convected aerodynamic disturbances and structural vibration modes, and that it is possible to predict unstable vibration modes using coupled linear models. This paper aims to further investigate non-synchronous vibrations by casting a reduced model for NSV in the frequency domain and analysing stability for a range of parameters. It is shown how, and why, under certain conditions linear models are able to capture a phenomenon, which has traditionally been associated with aerodynamic non-linearities. The formulation clearly highlights the differences between convective non-synchronous vibrations and flutter and identifies the modifications necessary to make quantitative predictions.