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Suros Capital ups LTV limits

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  • 22/06/2023
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Suros Capital ups LTV limits
Short-term luxury asset lender Suros Capital has increased the maximum loan to value (LTV) limit for lending against certain luxury assets.

Borrowers using diamonds, jewellery and watches as security for short-term loans will be able to access loans at an LTV as high as 85 per cent in some cases, 15 per cent higher than the previous limits of between 50 and 70 per cent LTV.

The lender offers bridging loans of between £20,000 and £2m on terms of three to 24 months., 

Ed Blackmore, business development director at Suros Capital said: “When we launched, we took a conservative approach.  

“However, our asset pricing and recovery data has shown us that we can safely increase our LTVs on diamonds, jewellery and watches. Hence the decision to increase LTVs by 15 per cent on these specific assets.”  

He added: “Our criteria are constantly undergoing review and brokers should continue to bear us in mind with our improved terms and the ability to lend on the same day subject to valuation.”  

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Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors. Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies. This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector. She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021. In her spare time, Shekina likes to read, travel, listen to music and socialise with friends. She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content. Follow her on Twitter at @ShekinaMS

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