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Frequently Asked Questions
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?
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?
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?
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:
4. Will DIYfunding work for me?
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?
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?
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?
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?
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:
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?
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?
The only other costs that you need to bear in mind are:
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?
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.