Business finance from DIYfunding

Do you have a question about DIYfunding or about business finance in general? Take a look at my answers to some frequently asked questions - they may well answer your query. If you don't find an answer to your particular question here, feel free to contact me.

The questions are listed first. To see the answer to a particular question, simply click on that question.

1. What is the advantage of using DIYfunding rather than approaching lenders direct?

2. How are you different from a normal mortgage or finance broker?

3. What is unique about DIYfunding?

4. Will DIYfunding work for me?

5. Can I use DIYfunding to arrange funding outside of the UK?

6. What information does DIYfunding provide? Will I need specialist help?

7. Have you dealt with all the lenders you are recommending?

8. Do you charge a brokerage fee?

9. How can you do all of this for such a low cost?

10. Are there any hidden costs you have not mentioned?

11. Once I have made contact with the lenders, can I go back to them in the future?

12. What is to stop me arranging finance myself? Why do I need you?

13. What is the next step?

1. What is the advantage of using DIYfunding rather than approaching lenders direct?

If you approach a lender direct you are only offered the loan or mortgage product provided by that particular lender. What if your funding requirements don't match with what that particular lender can offer? Well, you could approach another lender. And another lender. And yet another lender until - hopefully - you obtain the funding you require. But how much time, energy and money will you have spent? And what if your deal is time-critical or you can't get the finance you want?

With DIYfunding I have done all the work for you. More than 20 years in the commercial finance sector has given me extensive high-level contacts with all the UK's major lending institutions. There is not a funding scenario that I or my lenders have not encountered.

All the lending contacts you are ever likely to need have been developed and nurtured by me. And now they are available to you. I will supply you with the most suitable lenders for your particular funding requirements together with the names of key decision makers and their contact details. All you have to do then is contact them with your deal.

2. How are you different from a normal mortgage or loan broker?

A traditional mortgage broker will guard their list of lending contacts with their life. These contacts have usually been nurtured over many years, so a traditional broker is not about to give them away to you.

With DIYfunding, however, I take a completely different view. I am very happy to share my lending contacts with you, matching the most appropriate lender to your particular requirements.

3. What is unique about DIYfunding?

DIYfunding specifically matches your funding requirements with the lenders who can help you.

But what makes DIYfunding unique is this: not only do I match your specific requirements with the lenders who can help you, but I also give you the contact details of a key decision maker within the bank or lending institution. Someone I know personally, someone who I have done deals with over many years and importantly someone who I trust to give you the best possible service.

Apart from DIYfunding there are only two options available to you:

To approach lenders directly - and I have already explained the potential problems of that course of action (see question 1)
To approach a traditional mortgage broker - but they will want to protect their lending contacts and of course they will also charge you a substantial brokerage fee.

4. Will DIYfunding work for me?

If you need finance for business or property, bridging or development and you want to know:

Which lenders to place your deal with,
Who to contact to get a speedy decision on your funding requirements, and
How best to present your deal to ensure it is successfully considered,

all without paying a brokerage fee then yes, DIYfunding will definitely work for you.

5. Can I use DIYfunding to arrange funding outside of the UK?

DIYfunding is for use in the UK only. This means that the property on which the funding is to be secured must be within the UK. Any property outside of the UK cannot be used by our lenders as security.

However the borrower can be based off-shore. It is not uncommon for a borrower, be it an individual, off-shore company or off-shore trust, to base themselves outside of the UK for tax purposes. Our lenders are quite happy to accept this providing the deal itself, namely the property being used as security, is located within the UK.

6. What information does DIYfunding provide? Will I need specialist help?

I have designed DIYfunding for you to use by yourself. You can purchase the DIYfunding pack online and it will be sent to you within two business days as a number of PDF files. This pack will provide you with all the relevant information for your particular needs, including:

A list of the lenders who will do your deal, plus contact details of the key decision makers - all of whom I know personally.
Detailed guidelines on how to successfully present your application;
Worked examples to help you;
Hints and tips on additional information to include with your application;
Standard forms and documentation for you to use and specificallly designed to be acceptable to all the major lending institutions.

All of this information is provided to help you make your application for finance without the need for further help from me.

However, if you do feel you need further input, please contact me using the DIYfunding contact form.

7. Have you dealt with all the lenders you are recommending?

Yes. I have been dealing with most of the UK's major lending institutions for many years, and have developed a close working relationship with all of them, and know many of the directors and managers personally.

As a result, I have absolute confidence that your funding requirements will be expertly looked after by an individual who I not only trust but am happy to recommend.

8. Do you charge a brokerage fee?

No, at DIYfunding there is no brokerage fee. Let me compare my costs with the costs you will incur if you use a commercial finance broker to arrange your finance:

Often a commercial finance broker will charge you an 'upfront fee' just to get started. This is typically between £300-£500. In addition to this, they will charge you an arrangement fee - usually 1% of the amount of funding that is being arranged.

So, for example, if you need a commercial loan of £300,000, that means an initial fee of say, £300 together with an arrangement fee of £3,000 based on a 1% charge. This means a total fee of £3,300 that you will need to pay the broker.

However, at DIYfunding I do not charge any of these fees.

Instead I have created the DIYfunding pack. This is the complete package of information described above in my response to question 6. The pack provides you with everything you'll need to make a comprehensive and effective finance application. The DIYfunding pack includes:

Important guidelines on how best to present your application,
All the application forms and other standard documentation you will need,
A list of lending institutions, selected to match with your specific funding requirements, along with names and contact details for each of the lenders.

All of this is available at a cost of £97.

And that's it. No brokerage fee, no arrangement fee, no upfront fee, no time and cost charge.

9. How can you do all of this for such a low cost?

Unlike a traditional brokerage, you are not paying for my time. All the expertise, all the experience, all the hard work, has been done over the last 20 years and is now available to you through DIYfunding.

Also because this is a web-based product, I have no delivery costs, no print costs and no fulfilment costs. As a result I can dramatically reduce the cost to you.

10. Are there any hidden costs you have not mentioned?

No. There are no other costs or payments to DIYfunding beyond those already mentioned.

The only other costs that you need to bear in mind are:

Any charges made by the lender,
The cost of having a valuation carried out,
Legal costs.

11. Once I have made contact with the lenders, can I go back to them in the future?

Yes. On any future deals you can go back to the lender direct without needing to come back through DIYfunding, unless of course you require any assistance with your new deal, in which case I would be pleased to help.

12. What is to stop me arranging finance myself? Why do I need you?

There is nothing to stop you arranging finance yourself. You could spend your time trying to make contact with the right lender and trying to figure out how best to present your particular deal.

But why struggle along, spending time, energy and money when I've done all the hard work for you?

As I've already assembled the most powerful and comprehensive information tool on what, where and how to present your application for business, property, development or bridging finance, why not use it?

13. What is the next step?

The next step is to use DIYfunding.

DIYfunding is a logical, step-by-step process. It is both unique and easy to use.

Whatever your requirements, whether you need business or property finance, development funding or a bridging loan, simply follow this link to start using DIYfunding.