Suros Capital increases introducer commission to 3%

Published on

Suros Capital, the short-term lender which uses luxury assets as security, is offering brokers 3% commission on all loans which complete before the end of March.

By comparison, the current baseline commission is 1%.

Ray Palmer (pictured), director at Suros Capital, said: “The enhanced commission deal is an added incentive to introducers to help them spotlight clients who need immediate short term funding for any purpose, but where conventional borrowing is not quick enough.

“If clients are in possession of luxury assets such as jewellery, fine art, watches, luxury and classic cars and fine wine, we can lend against those assets within days rather than months with the minimum of paperwork and without the usual cumbersome and expensive need to engage solicitors and surveyors.

“We want every broker to be more aware of the opportunities for clients whose liquid resources are tied up but have assets which can be used to secure a loan from us.

“We are usually able to release funds within 24 hours of assessing the asset value. With up to 80% of wealthy clients having suitable assets, this is an untapped market for many brokers.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Help to Buy benefits skewed towards higher earners, IFS finds

Government-backed Help to Buy schemes delivered modest improvements in housing affordability, with the gains...

Buying still £500 cheaper than renting despite rates above 5%

Mortgage affordability continues to outperform renting despite rates pushing back above 5%, as lenders...

Property auctions post strong March as sales and funds raised climb

Property auction activity gathered pace in March, with both sales volumes and money raised...

Santander cuts higher loan-to-value rates for first-time buyers and movers

Santander is cutting rates across a wide range of higher loan-to-value mortgage products from...

FCA maps out open finance plans with mortgages and SME lending in focus

The Financial Conduct Authority has set out its latest vision for open finance, with...

Latest publication

Other news

Help to Buy benefits skewed towards higher earners, IFS finds

Government-backed Help to Buy schemes delivered modest improvements in housing affordability, with the gains...

Buying still £500 cheaper than renting despite rates above 5%

Mortgage affordability continues to outperform renting despite rates pushing back above 5%, as lenders...

Property auctions post strong March as sales and funds raised climb

Property auction activity gathered pace in March, with both sales volumes and money raised...