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

UTB promotes Rebwar Abdoullahi to bridging and buy-to-let sales role

United Trust Bank has promoted Rebwar Abdoullahi to business development manager within its bridging...

Kensington cuts rates across eKo, residential and buy-to-let ranges

Kensington Mortgages has reduced rates across its eKo proposition and introduced lower pricing on...

One in four adults lack confidence making everyday financial decisions

Research from specialist lender Pepper Money suggests confidence, rather than income alone, is a...

The Vernon unveils credit repair mortgage range

Vernon Building Society has introduced a new Credit Repair mortgage range aimed at borrowers...

Landbay adds two-year trackers and zero-fee fixes to Premier range

Landbay has expanded its Premier buy-to-let range with the launch of new two-year tracker...

Latest publication

Other news

UTB promotes Rebwar Abdoullahi to bridging and buy-to-let sales role

United Trust Bank has promoted Rebwar Abdoullahi to business development manager within its bridging...

Kensington cuts rates across eKo, residential and buy-to-let ranges

Kensington Mortgages has reduced rates across its eKo proposition and introduced lower pricing on...

One in four adults lack confidence making everyday financial decisions

Research from specialist lender Pepper Money suggests confidence, rather than income alone, is a...