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

The Mortgage Works cuts switcher rates for existing landlords

The Mortgage Works has reduced rates across selected buy-to-let and limited company buy-to-let switcher...

Mortgage industry scheme for Armed Forces leavers gains momentum

A new initiative designed to encourage Armed Forces personnel into careers across the mortgage...

Hot weather prompts homeowners to rethink cooling costs and property choices

Rising temperatures are prompting more UK homeowners to invest in cooling measures, while growing...

The West Brom promotes Gareth Madeley to chief customer officer

West Brom Building Society has appointed Gareth Madeley as its new chief customer officer,...

Industry leaders unite behind MIMHC Lunch

HSBC UK, Virgin Money, Nottingham Building Society, Landbay and top broker firms Mortgage Advice...

Latest publication

Other news

New product launches bring renewed competition to protection market

The protection market has seen a flurry of product launches in recent weeks, with...

Political clarity should benefit homebuyers

It’s been another positive week for the mortgage market, with lenders continuing to reduce...

The Mortgage Works cuts switcher rates for existing landlords

The Mortgage Works has reduced rates across selected buy-to-let and limited company buy-to-let switcher...