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 firms identify fewer vulnerable customers than FCA benchmark

Mortgage firms using MorganAsh’s digital vulnerability management platform report lower levels of customer vulnerability...

Beyond the walk: Mortgage leaders talk mental health – part 21

The Mortgage Industry Mental Health Charter's (MIMHC) third annual 144-mile Walk & Talk challenge...

OneDome launches TV campaign to promote joined-up homebuying

OneDome has launched its first major national TV campaign as it seeks to challenge...

The Swansea’s chief exec marks 25 years with charity pledge

Swansea Building Society is to launch a £25,000 charitable fund across Wales to mark...

Property data sandbox points to wider use of trusted information sharing

A government-backed sandbox has demonstrated how property data can be accessed, verified and shared...

Latest publication

Other news

Mortgage firms identify fewer vulnerable customers than FCA benchmark

Mortgage firms using MorganAsh’s digital vulnerability management platform report lower levels of customer vulnerability...

Beyond the walk: Mortgage leaders talk mental health – part 21

The Mortgage Industry Mental Health Charter's (MIMHC) third annual 144-mile Walk & Talk challenge...

Industry needs to move from hoarding data to using it to make decisions

Mortgage lenders have spent the last few years plugging into every available external source,...