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

Average cost of moving hits £13,018

The average cost of moving home has reached £13,018 for those buying and selling...

Equity Release Supermarket calls for greater collaboration

The Equity Release Supermarket (ERS), part of the Equity Release Group (ERG), has called...

Redwood Bank launches valuation fee cashback offer

The new valuation cashback offer gives landlords 100% of their valuation fee back on...

Build, baby, build? Well we will need to fund more than the usual suspects

There was a noticeable sense of optimism at UKREiiF this year. That may sound...

Later life lending group launches

Sovereign Life Group has been formed to bring together established specialist businesses from across...

Latest publication

Other news

Average cost of moving hits £13,018

The average cost of moving home has reached £13,018 for those buying and selling...

Equity Release Supermarket calls for greater collaboration

The Equity Release Supermarket (ERS), part of the Equity Release Group (ERG), has called...

Redwood Bank launches valuation fee cashback offer

The new valuation cashback offer gives landlords 100% of their valuation fee back on...