Dragonfly Medium Term Loans

Our Medium Term Loans are designed for those occasions when bridging finance at less than a 12 month term is not appropriate. For example:

• when the security property is already generating enough rental income to cover our interest
• when planning is being sought on the property
• when an applicant is experiencing exposure limits with the high street
• when the applicant is turned down by the high street due to automated credit scoring
• when the security is being purchased by a limited company
• where there is substantial equity in the property but not enough rental cover. A Drawbridge Medium term loan can be put in place while a rental review takes place. 

Our 2 to 3 year term Medium Term products allow you to roll up a significant portion of the interest (so that the monthly interest is as low as 0.59% per month (6.99% per annum)), helping to ease cash flow, whilst allowing you to borrow up to 85% of the purchase price. Medium Term products with a 2 to 3 year term include:

RESIDENTIAL LOANS

• Residential Property Purchase/Finance (Buy To Let) - Up to 85% of the discounted purchase price (100% with additional security),
• Residential Property Refurbishment - Up to 70% funding of purchase and up to 70% of the refurbishment costs,
• HMO Purchase - Up to 85% funding of discounted purchase price.

COMMERCIAL LOANS

• Property Purchase (Investment) - Up to 80% funding for blue chip or government tenanted, investment purchase.

View full details of our Extended Bridging product below or view our full product range.