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

Propertymark warns Scottish mansion tax could restrict housing market

Propertymark has warned plans for a Scottish “mansion tax” could make it harder for...

Berkeley calls for stamp duty overhaul to kick-start housing market

Berkeley Group has called on the Government to slash stamp duty for first-time buyers...

Stronger UK growth adds to interest rate uncertainty

Stronger-than-expected UK economic growth has added another complication to the outlook for interest rates...

Tipton expands Credit Plus range with second tier

Tipton & Coseley Building Society has added a second tier to its Credit Plus...

Property industry moves to speed up mortgage transactions

Lenders, conveyancers and estate agents are testing new ways of sharing property information earlier...

Latest publication

Other news

Propertymark warns Scottish mansion tax could restrict housing market

Propertymark has warned plans for a Scottish “mansion tax” could make it harder for...

Berkeley calls for stamp duty overhaul to kick-start housing market

Berkeley Group has called on the Government to slash stamp duty for first-time buyers...

Stronger UK growth adds to interest rate uncertainty

Stronger-than-expected UK economic growth has added another complication to the outlook for interest rates...