Dragonfly to fine-tune offering following Brexit

Ryan Fowler

June 30, 2016

calculator

Dragonfly Property Finance has confirmed that it will “fine-tune” its proposition following the EU referendum but managing director Mark Posniak says its appetite remains strong. 

In recent days a number of mainstream and specialist lenders have redressed the propositions and in some cases removed products.

And Posniak said Dragonfly would be no different and would be keeping a close eye on developments.

Consumer confidence still lower than before Brexit

He said: “Despite ongoing uncertainty surrounding the EU Referendum result, Dragonfly Property Finance today announced it will continue to actively support brokers, borrowers and property investors.

“In line with other specialist lenders, Dragonfly will fine-tune its risk where necessary to reflect changing market conditions, but its deal appetite remains strong.

“Capital preservation and protecting its investors have always been a top priority at Dragonfly, as reflected by its default rate of less than 0.1% since launch.

“The focus on capital preservation will continue as it seeks to finance the many projects in its current pipeline and viable future loans.

“Dragonfly will continue to monitor market conditions and provide updates in due course.”