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

Mortgage industry cycle challenge raises £26k for children and homelessness charities

Mortgage industry leaders have raised £26,002 for two charities after cycling 472 miles from...

MTD pressure prompts 22% of landlords to consider quitting

More than one in five UK landlords have considered leaving the rental market as...

MortgageMatch launches AI-ready broker directory

MortgageMatch.org has launched a consumer-facing platform designed to make finding and comparing mortgage brokers...

Virgin Money cuts new business rates and ups buy-to-let PT rates

Virgin Money is to reduce a range of purchase and remortgage fixed rates while...

TMG adds Handelsbanken to mortgage lender panel

TMG Mortgage Network has added Handelsbanken to its lender panel, giving advisers access to...

Latest publication

Other news

Mortgage industry cycle challenge raises £26k for children and homelessness charities

Mortgage industry leaders have raised £26,002 for two charities after cycling 472 miles from...

MTD pressure prompts 22% of landlords to consider quitting

More than one in five UK landlords have considered leaving the rental market as...

MortgageMatch launches AI-ready broker directory

MortgageMatch.org has launched a consumer-facing platform designed to make finding and comparing mortgage brokers...