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Dragonfly to pick partners after winning FSA approval

Dragonfly Property Finance has been approved by the Financial Services Authority and will start to accept regulated business from August 1, 2012.

Dragonfly plans to have selected 10 key partners by then that will broker all regulated deals during the initial rollout.

To ensure it can cope with the increased demand that will come with FSA approval, Dragonfly says it will be announcing high-profile industry hires in due course.

Jonathan Samuels, chief executive officer of Dragonfly Property Finance, first revealed that the lender was applying for authorisation last year.

He says: “To have received FSA approval is fantastic news and as a fully authorised lender we intend to put our foot down even harder on the pedal.

“It is harder than ever to get regulated so it is 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.”

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