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The application process is simple and fast. Simply complete our online enquiry form and we will respond with an Agreement in Principle or contact you to discuss your application in more detail as soon as possible.

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Product Overview

	Residential Bridging Loan	Refurbishment Loan	Commercial Bridging Loan	Buy To Let Medium Term Loan	HMO Medium Term Loan	2^nd Charge Bridging Loan	2^nd Charge Term Loan
Facility Fee	2%	2%	2%	3%	3%	3%	3%
Procuration Fee	0.75%	0.75%	0.75%	0.75%	0.75%	1%	1%
Interest Rate²	From 0.85%pm	From 1.15%pm	From 1.45%pm	From 6.99%pa⁹	From 7.99%pa⁹	From 1.40%pm	From 11.99%pa
Maximum LTV	Up to 70%	Up to 70³including costs	Up to 40%⁴	Up to 70%	Up to 70%	Up to 65%	Up to 65%
Maximum LTP²	Up to 85%	Up to 85%	Up to 50%	Up to 85%	Up to 85%	N/A	N/A
Minimum Term	1 month	1 month	1 month	2 or 3 years⁶	3 years	1 month	2 years
Maximum Term	12 months	18 months	12 months	2 or 3 years⁶	3 years	23 months	3 years
Early Repayment Charge	None	None	None	6%/5%/4%⁷	6%/5%/4%⁷	None	6%/5%/4%⁷
Rental Coverage	n/a	n/a	n/a	100%/115%⁸	100%/115%⁸	100%	100%
Retained Interest Available	Yes	Yes	Yes	No	No	Yes	Yes
Minimum Loan Size	£50,000	£50,000	£100,000	£50,000	£50,000	£75,000	£75,000
Maximum Loan Size¹⁰	£25m	£25m	£25m	£25m	£10m	£3m	£3m
Minimum Property Value	£200,000	£200,000	£300,000	£200,000	£200,000	£350,000	£350,000

DRAGONFLY FAST-TRACK REQUIREMENTS TO GO TO OFFER

Completed and signed Dragonfly Property Finance Application Form.
Copy Photo ID for each applicant.
Valuation addressed to BridgeCo Ltd & Fern Trading Ltd. All valuation fees are paid direct to the surveyor or the packaging broker. If valuation not ready we can instruct the offer subject to receipt of an undertaking for our legal fees from the client's solicitor.
If >50%LTV or the loan is to be serviced current - copy bank statements (3 months)
Please refer to the ‘Dragonfly Property Finance General Lending Criteria' and the Agreement in Principle issued for full requirements.

Download Product Sheet

NOTES

Please see individual product sheets for full range of interest rates levied at the relevant Loan To Values.
Loan to Purchase Price for Discounted transactions. The lower of LTV/LTP above will be used.
The refurbishment product is only for loans where up to 70% of the costs of the refurbishment works are to be advanced. Where Dragonfly are not advancing the cost of the works, normal residential bridging loan rates apply.
Commercial value based on bricks and mortar with the benefit of vacant possession.
There is a further 2% interest pa deferral which is payable on redemption, ie the rate shown includes the deferral already applied. Please also see rental coverage requirements (note 8) below. The full interest amount payable on this product is 8.99% pa.
The Buy To Let product is available on either a 2 or 3 year fixed term.
Early Repayment Charges (ERCs) are 1-12 months/ 13-24 months/ 24/35 months depending on the term selected. In the final month of the term there are no ERCs.
The rental cover required for the BTL and HMO product varies according to the rate selected. If the interest deferral option is selected, 115% rental cover will be required. If the full interest rate is selected, 100% rental cover will be required.
There is a further 2% interest pa deferral which is payable on redemption, ie the rate shown includes the deferral already applied. Please also see rental coverage requirements (note 8) above. The full interest amount payable on this product is 9.99% pa.
Larger loan sizes will be considered on an individual basis.

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Legal Stuff | Contact Us

Dragonfly Property Finance is the trading name of Bridgeco Ltd (Reg No 6629989), Fern Trading Ltd (Reg No 06447318) and Rednel Ltd (Reg No 7531926)
Registered Office: 20 Old Bailey London EC4M 7AN. Registered in England and Wales.
Rednel Ltd is authorised and regulated by the Financial Conduct Authority