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Dragonfly gains FSA authorisation

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

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Between now and August 1, Dragonfly will select 10 key partners that will broker all regulated deals during the initial roll-out.

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

Jonathan Samuels, CEO of Dragonfly Property Finance, says: “To have received FSA approval is fantastic news for Dragonfly and as a fully authorised lender we intend to put our foot down even harder on the pedal.

“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.”

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  • Guy Garrard 13th June 2012 at 8:56 am

    Good to see Dragonfly continuing to do things the right way. Not easy in the current environment, and a move that all should applaud and welcome.

  • israel sachs 11th June 2012 at 11:01 pm

    Will the FSA stop at nothing to increase their fee income? These bridging finance lenders are revolting usurers from a bygone age. Why are they tolerated?

  • Nigel Harper 11th June 2012 at 5:02 pm

    Congratulations, Probus et Fidelus are the key to an honest, trustworthy and transparent banking sector. I wish you success
    Nigel Harper FCIBS, Chartered Banker and Counci Fellow, the Chartered Banker Institute.