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

Eleos partners with Homebox to target underserved renters

Eleos has partnered with household bills platform Homebox to offer life insurance and income...

Mortgage anxiety rises as one in five lack financial safety net

The proportion of UK adults apprehensive about making mortgage decisions has risen from 15%...

Vince Cable gives cautious welcome to station-led planning reforms

Sir Vince Cable has given a cautious welcome to government plans to streamline the...

Beverley BS appoints Pattinson as non-executive director

Beverley Building Society has appointed Jonathan Pattinson as a non-executive director as the mutual...

Right Mortgage reports 23% rise in lending as adviser numbers grow

The Right Mortgage & Protection Network increased mortgage lending and completions during the second...

Latest publication

Other news

Eleos partners with Homebox to target underserved renters

Eleos has partnered with household bills platform Homebox to offer life insurance and income...

Mortgage anxiety rises as one in five lack financial safety net

The proportion of UK adults apprehensive about making mortgage decisions has risen from 15%...

Vince Cable gives cautious welcome to station-led planning reforms

Sir Vince Cable has given a cautious welcome to government plans to streamline the...