Suros Capital, the short term luxury asset lender, has increased its maximum LTVs for lending against specific luxury assets.
Diamonds, jewellery and watches used as security for short term loans will now attract a 15% increase from current levels.
Ed Blackmore (pictured), 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 to increase LTVs by 15% on these specific assets.
“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.”