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Bridging

Dragonfly exclusive product off to flying start

by: Rebekah Commane
  • 06/04/2016
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Dragonfly exclusive product off to flying start
Dragonfly Finance has launched a limited edition bridging product at 0.6% available to a limited number of providers.

The short-term product offers a maximum loan of £3m. The lender said it has proved popular with intermediaries since its launch.

The bridging product has a maximum loan-to-value of 50% and requires a 2% arrangement fee with no exit fees and is available for between one and 12 months, a Dragonfly spokesperson confirmed.

Connect for intermediaries is one of the brokers providing the deal. Managing director Liz Syms said: “This is a great, market leading product and we’re glad to have been chosen as a provider. It launched yesterday and it’s already proving popular as we’ve had many calls through on it.”

A 1.3% procuration fee applies to the loan.

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