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.

[tds_create_account btn_bg_h="#000000" f_text_font_family="global-2_global" show_version="" tdc_css="eyJhbGwiOnsiYm9yZGVyLXJhZGl1cyI6IjUiLCJkaXNwbGF5IjoiIn19"]

Latest articles

Mortgage rates face further pressure as inflation rises to 3.1%

Mortgage rates could face further upward pressure after UK inflation climbed back above 3%...

OneDome takes integrated homebuying service nationwide

OneDome has launched a national television campaign promoting its integrated homebuying service, which brings...

Buyers put greater premium on energy-efficient homes

Energy efficiency is playing a growing role in homebuying decisions, with almost three-quarters of...

Almost half of Help to Buy borrowers could not have bought without scheme

Almost half of Help to Buy customers would not have been able to purchase...

Mortgage debt weighs on retirement plans as pension savers look to ‘clear the decks’

Mortgage debt is emerging as a significant concern for people approaching retirement, with new...

Latest publication

Other news

Mortgage rates face further pressure as inflation rises to 3.1%

Mortgage rates could face further upward pressure after UK inflation climbed back above 3%...

OneDome takes integrated homebuying service nationwide

OneDome has launched a national television campaign promoting its integrated homebuying service, which brings...

Buyers put greater premium on energy-efficient homes

Energy efficiency is playing a growing role in homebuying decisions, with almost three-quarters of...