Dragonfly Property Finance has reported an increase in the number of AIPs (agreements in principle) over the past six months.
Between 1 March and 1 September of this year, Dragonfly had 717 AIPs. This compares to 467 made during the six months between 1 September 2010 and 1 March 201, a rise of 37%.
This week Dragonfly, which launched in 2009, has completed on its 400th loan.
Mark Posniak, head of marketing and operations, Dragonfly Property Finance, said: “The strong rise in AIPs over the past six months drives home just how robust the bridging market has become.
