FSA approves Dragonfly Property Finance

In less than two years, Dragonfly has extended its product offering from bridging finance to second charges, buy-to-let loans and development finance — and can now add regulated loans to that list.

Between now and 1 August, Dragonfly will select 10 key partners that will broker all regulated deals during the initial roll-out.

The lender also said it would be announcing a number of high profile industry hires soon to cope with the increased demand that would come with FSA approval.

Jonathan Samuels, chief executive officer at Dragonfly Property Finance, said: “To have received FSA approval is fantastic news for Dragonfly and as a fully authorised lender we intend to put our foot down even harder on the pedal.

“We have come a long way in our short history but we now plan to really up the ante and become a one-stop shop for brokers. As well as the prestige it confers, being FSA-approved will enable us to innovate further, which is what all our introducers want to hear.

“These days it is harder than ever to get regulated and it is therefore a huge vote of confidence in our business model. It is also a credit to the entire team that the approval process took such a short time.”