Exclusive: Lender reports record AIPs

Lender reports record AIPs

Dragonfly Property Finance has announced that February was its biggest ever month for Agreements in Principle (AIP) since launching in 2009.


The lender, named ‘Best Development Finance Provider’ at the recent Business MoneyFacts Awards 2016, revealed that AIPs were up 12% on its previous monthly high in March 2014. 

Dragonfly said AIPs were a good barometer of demand and, because investor appetite for specialist property finance remained strong, it was actively growing its team.
As a result, it had appointed Christopher Scott as an Internal Business Development Manager (BDM). 
Christopher joins internally from within the Octopus Group where he was a client services specialist at Octopus Investments. 
At Dragonfly, Christopher will aim to enhance the service brokers receive, support the sales team, ensure all applications run smoothly and make sure that completions are achieved in the fastest possible time.
Mark Posniak, Managing Director at Dragonfly, said: “Our AIP levels are going through the roof right now.
“For whatever reason, whether equity market volatility or the opportunities provided by the housing shortage, demand for property finance has never been stronger. 
“To keep pace with it, we continue to hire and Christopher is the latest addition to our fast growing team. 
“At Dragonfly, service levels and standards are key and this is reflected in the importance we place on our internal BDM roles.”
Christopher added: “Dragonfly is a dynamic, fast-paced lender and I’m looking forward to the challenge of getting stuck in and hopefully doing my bit to enhance the service it provides to brokers. 
“There’s also plenty of room for career progression, which is always a huge motivating factor when starting out in a new job.”

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