New deal marks a 2% raise on the current baseline commission
Luxury asset lender Suros Capital has increased the commission it offers brokers on loans secured against luxury assets until Christmas.
The lender said it will give brokers 3% commission – a 2% increase on the current baseline commission and cases received before Christmas Day that go on to complete.
“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,” commented Edward Blackmore (pictured), business development director of sales at Suros Capital.
“If they are in possession of luxury assets such as jewellery, fine art, watches, luxury and classic cars and fine wine, we can lend within days rather than months with the minimum of paperwork and without the usual cumbersome and expensive need to engage solicitors and surveyors.”
Blackmore said they wanted 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.
“We are usually able to release funds within 24 hours of assessing the asset value,” he added. “With up to 80% of wealthy clients having suitable assets, this is still an untapped market for many brokers.”
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