The lender has seen a 36% increase in the number of enquiries since Christmas from financial advisers seeking immediate funding solutions from clients with unexpected tax demands or those with immediate cashflow issues who cannot temporarily find the funds to satisfy the tax call.
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Ed Blackmore, BDD at Suros Capital (pictured above), commented: “At this time of year, we see a significant increase in the number of cases seeking temporary short term funding for income tax demands.
“Every year, the number of enquiries increases as advisers are recognising the value of having a lender who can lend against a luxury asset within 24 to 48 hours of enquiry.
“The completion time is just dependent on how quickly we can assess the luxury asset."
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