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

NatWest opens specialist new-build support line for brokers

NatWest has introduced a dedicated telephone service for mortgage brokers handling new-build cases, providing...

High-income-multiple lending to first-time buyers jumps 66%

The number of first-time buyer mortgages advanced at 4.5 times income or more rose...

Landlords increasingly favour local markets for property investment

Professional landlords are increasingly concentrating investment in their home regions as local market knowledge...

Shepherds Friendly joins The Right DA Club protection panel

The Right DA Club has added Shepherds Friendly to its protection panel, giving member...

Fluxifi adds Twenty7tec sourcing to adviser platform

Twenty7tec has integrated its mortgage sourcing technology with Fluxifi, allowing advisers to access its...

Latest publication

Other news

NatWest opens specialist new-build support line for brokers

NatWest has introduced a dedicated telephone service for mortgage brokers handling new-build cases, providing...

High-income-multiple lending to first-time buyers jumps 66%

The number of first-time buyer mortgages advanced at 4.5 times income or more rose...

Landlords increasingly favour local markets for property investment

Professional landlords are increasingly concentrating investment in their home regions as local market knowledge...