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Dragonfly sees AIPs leap 20% in Q1

Dragonfly Property Finance last week revealed a 20% rise in agreements in principle by value, with £337m in applications received in the first four months of the year. This compares with £280m over the same period in 2011.

By number, AIPs rose 28% from 390 in the first four months of 2011 to 500 in the first four months of 2012.

The firm was unable to state how many AIPs on average go to completion but it says the jump is proof professional property investors and landlords are active in an otherwise flat residential property market.

Mark Posniak, marketing and operations director at Dragonfly, says: “With residential property prices falling and high street mortgage criteria tightening, it’s no surprise investor demand is rising by the day.

“It’s been well documented that buy-to-let is booming and these numbers drive home how big the sector has become.”


Marketwatch – May 2012

Europe is back on the news agenda. Greece is struggling to form a government, France has turned left and Spain looks decidedly dodgy again as Spanish bank Bankia is part nationalised.

L&G appoints new group chief executive

Legal & General has promoted its group chief financial officer Dr Nigel Webster to become the insurer’s new group chief executive, replacing the its current chief executive Tim Breedon.

BSA elects new chairman

David Webster. chief executive of the Hanley Economic Building Society has been elected as chairman of the Building Societies Association.


Employers fined £52,500 for auto-enrolment failings

By Jamie Clark, Business Development Manager The Pensions Regulator (TPR) has taken the step of naming and shaming employers that have been served County Court Judgments (CCJs) for non-payment of auto-enrolment fines. We take a look at what this means for employers, their employees and advisers Shamed into action? Sixty-four employers have been served CCJs […]


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