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

Your clients aren’t being stolen… they’re being handed over

Let's be honest about something the industry won't say out loud. Lenders going direct...

Fintech entrepreneur joins Swansea Building Society board

Swansea Building Society has appointed financial technology entrepreneur Martin Breach as a non-executive director. Breach...

Brilliant Solutions’ mortgage club claims record month

Brilliant Solutions has reported its strongest month on record despite signs of slowing momentum...

Nationwide trims fixed mortgage rates by up to 0.19 points

Nationwide is cutting fixed mortgage rates for first-time buyers, home movers and remortgage customers...

Walbrook launches mortgage adviser apprenticeship pathway

Walbrook Institute London has expanded its apprenticeship offering with a new Level 3 pathway...

Latest publication

Other news

Private credit has reached its next stage of maturity

Every lending market experiences moments that prompt uncomfortable questions. A high profile default, allegations...

Your clients aren’t being stolen… they’re being handed over

Let's be honest about something the industry won't say out loud. Lenders going direct...

Fintech entrepreneur joins Swansea Building Society board

Swansea Building Society has appointed financial technology entrepreneur Martin Breach as a non-executive director. Breach...