Dragonfly announces record monthly completions
Short and medium-term lender, Dragonfly Property Finance, has announced record monthly lending for December 2015.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
The specialist residential and commercial lender completed on loans totalling £75.22m during the last month of the year, beating its previous high of £68.76m in December 2014.
Q4 also saw completions rise 11.4% by value on the equivalent quarter in 2014. In total, the value of completions in 2015 was 6.1% higher than in 2014.
The number of loans completed in 2015 was also higher than the previous year: Dragonfly completed on 949 loans in 2015 compared to 891 in 2014, an increase of 6.5%.
Dragonfly has now seen £1.74bn of completions since launch in 2009.
Mark Posniak, Managing Director, Dragonfly Property Finance, commented:
“I’m very pleased with this fantastic end to the year, especially following the recent management changes. The fourth quarter performance, peaking in December, goes to show how focused and determined this team remains. It goes without saying that we are here to do the very best job we can for brokers and their clients, across both residential and commercial, throughout 2016.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Buy-to-let
Buy-to-let market 'in transition' as landlords turn to refinancing
MPowered Mortgages
MPowered closes to new business amid potential sale
Budget
Reeves lays groundwork for tax rises in surprise pre-Budget speech
FCA
FCA bans and fines adviser £100,000
Bank Of England
Interest rates held at 4% in narrow 5-4 vote
Budget
What taxes could be raised in the Autumn Budget?
