Dragonfly Property Finance has received FSA approval and will accept regulated business from 1 August 2012.
The short and medium-term finance provider will be offering bridging finance, second charges, buy-to-let loans, development finance and now regulated loans.
Between now and 1 August, Dragonfly will select 10 key partners that will broker all regulated deals during the initial roll-out.
“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,” said Jonathan Samuels, CEO, Dragonfly Property Finance.
“We have come a long way in our short history but we now plan to really up the ante and become a one-stop shop for brokers. As well as the prestige it confers, being FSA-approved will enable us to innovate further, which is what all our introducers want to hear.”
Samuels added: “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.”