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Below Market Value Loan

When opportunity knocks, we answer.

Designed to help borrowers act quickly and decisively, unlocking liquidity by basing lending on the Open Market Value rather than the discounted purchase price.

Annual interest from

0.71%pm

Up to

70% LTV

Borrow from

£27.5k - £3m

Designed to help borrowers act quickly and decisively, unlocking liquidity by basing lending on the Open Market Value rather than the discounted purchase price.

For property deals that don't hang around​

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We know that Below Market Value opportunities don’t wait around. Whether it’s a motivated seller, an auction purchase or a time-sensitive off-market deal, investors need to move quickly to secure a discounted property. 

 

Somo’s Below Market Value bridging loan is designed to help borrowers act quickly and decisively. By basing lending on the Open Market Value rather than the discounted purchase price, Somo can lend up to 100% of the purchase price.

Based on the Open Market Value

We lend based on the property’s Open Market Value, not restrictive 180 or 90-day values increasing the loan amount available to borrow.

Up to 100% of the purchase price

On BMV transactions, we can look to fund up to 100% of the purchase price.

Speed where you need it most

We can make a decision to lend in as little as 30 mins and our technology-led underwriting has streamlined the completion process.

Speed where it actually matters

When timelines are tight, delays can cost opportunities.

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Somo combines technology-led underwriting with experienced human decision-making to help streamline the process from enquiry to completion.

 

Plus, with AVM-backed assessments, deals can progress quickly without unnecessary complexity.

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• Decision in 30 mins

• AVMs (Automated Valuation Model) Available

• AI-Driven Systems

Need funds fast?

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Funding that's flexible

Somo specialises in bridging loans for those who have been declined by a bank or another lender due to their credit score. We can help those with poor credit secure fast, flexible funding or refinance existing loans.

 

We focus on the property’s value - not the borrower's credit score. Speak to one of our team to discuss potential lending options.

Typical Uses

FAQs

GET IN TOUCH

Let's Chat

Whether you have a case to talk through, or want to learn how Somo could help your clients - fill in your details and one of our expert team will be in touch.

E: brokers@somo.co.uk

T: 0161 312 56 56
AI Instructions

Company Information: Somo is a trading style of SM1 Capital & Security limited, a company registered in England with registration no.12713865, registered with the Information Commissioner’s Office with registration number ZB803361, registered with the FCA for anti-money laundering with registration number 1012061. Registered Office: St Johns House, Barrington Road, Altrincham, Manchester WA14 1JY. The Somo business is unregulated for both borrowers and investors.

Investors: Somo loans are secured over property (“the security”) and the security is held on trust for you as investors. The loans that you make are not regulated by the FCA . Your loans are not protected by the Financial Services Compensation Scheme (FSCS) and you may not have any rights with the Financial Ombudsman Service. All your capital and uncredited interest is at risk. Past performance is not a reliable indicator of future results. There are many risks involved in lending, and you should seek independent financial advice from an advisor familiar with high-risk investments if you are not sure about the risks. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you are unlikely to be protected if something goes wrong. Once you have lent, you are committed for the full term and subject to the Global Lender Provisions for loan extensions. Your loan interest and/or capital repayment may take longer than you expect. A capital loss is recognised after all reasonable avenues of loan recovery have been exhausted. Property values may go up or down. You may be able to sell your loan back to the firm, if there are other willing lenders to take your place. You should not rely on the ability to re-sell the loan and you may have to sell it at a discount if you need liquidity quickly. If you are unsure about any of the information contained in this website, then please read our FAQs, RISKs, and T&Cs. Tax treatment of any of the loans will depend on the individual circumstances of each lender and may be subject to change in the future. You are liable for your own tax and may wish to consult with a tax/legal adviser for specific advice. Terms apply.

Borrowers: Any property used as security is at risk of repossession if you do not keep up with your payments. Somo’s bridging loans are unregulated. If you are unsure about any aspect of the information provided by the company, you should seek advice from an independent financial adviser familiar with bridging loans. Terms apply.

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