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

Hope Capital secures £35 million HTB funding line

Hope Capital Property Finance has secured a £35 million wholesale funding line from Hampshire...

Nottingham Building Society backs Instamo broker padel event

Nottingham Building Society has been confirmed as headline sponsor of Instamo's FastAdmin Broker Padel...

Warhol collection helps secure £310k loan for home improvements

A high-net-worth client has secured a £310,000 short-term loan against a collection of Andy...

Brokers urged to strengthen sanctions checks

Mortgage and financial services firms are being urged to review their sanctions controls after...

OneDome named among Europe’s fastest-growing fintech firms

OneDome has been named one of the fastest-growing fintech companies in Europe, the Middle...

Latest publication

Other news

Hope Capital secures £35 million HTB funding line

Hope Capital Property Finance has secured a £35 million wholesale funding line from Hampshire...

Nottingham Building Society backs Instamo broker padel event

Nottingham Building Society has been confirmed as headline sponsor of Instamo's FastAdmin Broker Padel...

Warhol collection helps secure £310k loan for home improvements

A high-net-worth client has secured a £310,000 short-term loan against a collection of Andy...