Short-term lender Dragonfly received 702 Agreements in Principle worth £463.5m in the first six months of this year, a rise in value of 19% year-on-year.
In H1, the London-based short and medium-term lender, Dragonfly Property Finance, redeemed 48% more loans on the same time period the previous year with the value of completions up 37%.
Jonathan Samuels, CEO, Dragonfly Property Finance, (pictured) said: “The key to the market’s growth over the past two years has been opportunity and liquidity. Professional property investors see a major opportunity in the property market currently and are able to monetise that opportunity thanks to the liquidity afforded by short-term lenders. We expect the market to continue to grow throughout the second half of the year.”
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