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

Landlords brace for RRA impact as tenant stability holds firm

Landlords are preparing for significant change as the Renters’ Rights Act 2025 comes into force with...

Landlord exit reshapes London buy-to-let landscape

Landlords have been exiting the London rental market since reforms were first proposed with...

Brightstar COO urges brokers to back ED&I survey push

The mortgage industry has been urged to “take stock and reset” its approach to...

Sickness absence stuck above pre-pandemic levels

Sickness absence across the UK workforce remains elevated despite showing signs of stabilising, reinforcing...

The Darlington raises foreign currency mortgage LTV to 90%

Darlington Building Society has increased the maximum loan-to-value available on its foreign currency mortgage...

Latest publication

Other news

Landlords brace for RRA impact as tenant stability holds firm

Landlords are preparing for significant change as the Renters’ Rights Act 2025 comes into force with...

Landlord exit reshapes London buy-to-let landscape

Landlords have been exiting the London rental market since reforms were first proposed with...

Brightstar COO urges brokers to back ED&I survey push

The mortgage industry has been urged to “take stock and reset” its approach to...