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

Landlord optimism rises as confidence returns to the private rented sector

New research suggests sentiment among landlords has improved sharply over the past year, despite...

Mortgage Brain continues hub rollout with Mortgage Force and Affinity onboarding

Mortgage Brain has completed the onboarding of Mortgage Force and Affinity Group onto its...

Together expands intermediary sales team with two senior appointments

Together has strengthened its intermediary division with the appointment of two experienced industry figures,...

JammJar sets out Winter26 platform changes ahead of live launch

JammJar has outlined new functionality coming to its Winter26 platform update ahead of a...

Wealth networks see limited AR growth as DA numbers continue to fall

Wealth management networks added a modest number of appointed representative (AR) firms last year,...

Latest publication

Other news

Landlord optimism rises as confidence returns to the private rented sector

New research suggests sentiment among landlords has improved sharply over the past year, despite...

Mortgage Brain continues hub rollout with Mortgage Force and Affinity onboarding

Mortgage Brain has completed the onboarding of Mortgage Force and Affinity Group onto its...

Together expands intermediary sales team with two senior appointments

Together has strengthened its intermediary division with the appointment of two experienced industry figures,...