FSA approval is the latest step forward for the UK’s largest specialist lender, which claims to have a 40% share of the short-term finance market.
In under two years, Dragonfly has extended its product offering from bridging finance to second charges, buy-to-let loans and development finance.
Dragonfly plans to select 10 key broker partners before 1 August to arrange all regulated deals during the initial roll-out.
To ensure it can cope with the increased demand that will come with FSA approval, Dragonfly will be announcing some high profile industry hires in due course.
Jonathan Samuels, CEO, Dragonfly Property Finance, said: “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.
“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.”
