Somo, the award-winning specialist bridging lender, is kicking off its August promotion with an special offer for brokers: 90% off Valuation Fees on all deals locked in between 1st and 29th August.
After the success of last year’s campaign, which saw an 54% increase in locked-in deals and Somo committing to over £126,000 in Valuation fees for borrowers, this year’s promotion is set to take things even further.
Brokers locking in deals during August can also claim a free beer to celebrate – a perfect way to toast both the savings, Somo’s product range and recent rate cuts.
This promotion comes right after Somo’s recent rate cuts, with First Charge rates now from 0.69% with up to 75% LTV on the OMV, and Second Charge rates from 0.85% with LTVs up to 70% LTV on the OMV.
As the UK bridging market shows continued growth, Somo remains at the forefront of providing brokers with the competitive edge they need to close deals faster and more effectively. Recent figures from the Bridging & Development Lenders Association (BDLA) highlight the strength of the market, with Q1 2025 completions reaching £2.8 billion – matching the record set in Q4 2024 – and new loan applications rising by 55.3%.
Jade Keval, Sales Director at Somo, commented: “Last year, our 90% off Valuations promotion was a huge hit with brokers, enabling deals closed and giving borrowers substantial savings on a cost they can’t avoid."
"This August, we’re bringing it back, and we’re aiming to go even bigger – with free beers to celebrate our pricing cuts, our proven success, and the exciting summer we’ve had so far here at Somo. With up to £3,000 in Valuation fees covered, we’re expecting another exceptional response – and we can’t wait to see how it unfolds."
Somo’s other product highlights include fast and flexible Lending including no lender legal fees until completion, no application forms, a specialist second charge team with a dedicated in-house consent department and equitable charge lending.
Somo’s commitment to delivering top-tier bridging finance has earned it recognition in the industry, including being named Best Regional Bridging Lender by Bridging & Commercial. As Somo continues to push the boundaries of innovation and service, brokers can count on the lender to stay ahead of the curve with flexible products and exceptional customer care.
To claim 90% off Valuations, get in touch:
📞 Call us: 0161 312 5656
📧 Email us: brokers@somo.co.uk
Terms and Conditions
90% off Valuation fees
VAT included. Up to £3,000 refund on Valuation fees refunded upon full repayment of the loan. ‘Lock-in’ fee must be paid between Friday 1st August and midnight Friday 29th August 2025, and the Valuation fee must be paid by midnight Friday 29th August 2025. The loan must complete within 6 weeks of the date the Lock-in fee is paid, regardless of when the Valuation fee is paid to qualify. Valuation fee refunds will be paid only upon full repayment of the loan, provided that all payments have been made on time.
Free Beer
'Lock-in' a Second Charge deal with us from 1st - 29th August and we’ll send you Carlsberg beer or Carlsberg 0.0 non-alcoholic as a Thankyou. Lock-in Fee must be paid before 29th August 2025.
Categories: Borrower News., Broker News
