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

Average deposit now exceeds annual salary in most British housing markets

Homebuyers in more than six in 10 housing markets across Great Britain now need...

Hope Capital elevates senior leadership team to director level

Hope Capital Property Finance has strengthened its leadership structure by promoting its entire senior...

Purplebricks founders stage return under Dunstone-backed deal

The founders of Purplebricks are set to return to the business in a surprise...

New platform aims to ease advisers’ compliance burden during client meetings

A new meeting platform designed for mortgage advisers has launched in the UK, aiming...

PEXA hires Julian Wells as UK head of communications

Digital property exchange platform PEXA has appointed Julian Wells as its new UK head...

Latest publication

Other news

Average deposit now exceeds annual salary in most British housing markets

Homebuyers in more than six in 10 housing markets across Great Britain now need...

Hope Capital elevates senior leadership team to director level

Hope Capital Property Finance has strengthened its leadership structure by promoting its entire senior...

Purplebricks founders stage return under Dunstone-backed deal

The founders of Purplebricks are set to return to the business in a surprise...