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

TRM Network reports strong growth as it marks 11 years

The Right Mortgage & Protection Network has reported year-on-year growth across all major product...

Demand for unoccupied property insurance jumps fivefold over five years

New data from niche lines insurance group Atec shows annual quotations for unoccupied property...

Reframe Cancer 2026 trends: prevention to take centre stage

This year is already shaping up to be one when prevention is taking centre...

Hinckley & Rugby trims mortgage rates to bolster broker support

Hinckley & Rugby for Intermediaries has reduced mortgage rates across its range, cutting selected...

OneFamily and Scottish Friendly set out plans for mutual merger

OneFamily and Scottish Friendly have announced proposals to merge, a move that would create...

Latest publication

Other news

TRM Network reports strong growth as it marks 11 years

The Right Mortgage & Protection Network has reported year-on-year growth across all major product...

Demand for unoccupied property insurance jumps fivefold over five years

New data from niche lines insurance group Atec shows annual quotations for unoccupied property...

Reframe Cancer 2026 trends: prevention to take centre stage

This year is already shaping up to be one when prevention is taking centre...