£24m were in the third quarter of 2011 alone.
Mark Posniak, Head of Marketing & Operations, Dragonfly Property Finance, commented:
"The bridging market has gone from strength to strength over the past two years and the fact we have hit £100m of redemptions, with a sharp spike in Q3, reflects this.
"With liquidity for buy to let and non-conventional loans still in very short supply, we expect continued growth for the sector during the rest of the year and throughout 2012.”
