Broker like
a boss this May.
Free Lender Legals or
a Free Valuation.
'Lock-in' a case from 5th-29th May
for Free Lender Legals
OR a Free Valuation.
Choose the deal that best suits your client's case with our exclusive, twice-as-good offer.
'Lock-in' a case between 5th-29th of May to qualify.*
Last year we committed to pay £302,915 of your borrowers' fees, how much could your client save? Get in touch to discuss your next case and save your client thousands.
“Having the option to choose where the saving mattered most was a big win for my client. We went with free legals, which took the pressure off and kept things moving."
Dan Hobbs, CEO of New Leaf Distribution
Rates from 0.71%
Award-winning Specialist Bridging and Business Finance.
Up to 75% LTV
Against the OMV, not restrictive 180 or 90-day value
Loans for ANY Business purpose
Whether it’s expansion, investment or purchasing goods, we’ll look to lend.
Equitable Charge Loans
We’ll look to lend even when consent has been refused by the first lender
"Always available and able to offer solutions to problems other lenders cannot."
Verified Trustpilot Review
CASE STUDY
Choosing the right saving to get the deal done.
The Challenge
A broker needed a fast, reliable funding solution for a buy-to-let purchase in North West London.
The case had pressure points:
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Time-sensitive probate purchase
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Limited company structure
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Tight timeframe with costs starting to build
While the borrower had a strong profile, traditional lenders weren’t able to move quickly enough to secure the opportunity.
With liquidity tied up in other assets, covering upfront costs risked slowing the deal down at a critical moment.
The Deal
The case was locked in during Somo’s Black Friday promotion, giving the broker a choice between free lender legals or a free valuation.
Knowing legal costs would have the biggest impact, the broker opted for free legals saving the borrower £1,382, keeping the deal moving.
Somo structured a £198,750 first charge bridging loan at 75% LTV over 12 months under the Somo Prime product.
The loan was secured against a studio flat in NW3, valued at £280,000, with strong rental demand and a clear refinance exit.
The Outcome
The deal completed quickly, allowing the borrower to secure a desirable London investment property without delay.
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Interest rates from 0.71% pcm
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From start-ups to limited companies
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No bank statements or business plans needed
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All credit statuses accepted
*Terms and Conditions
VAT included. Up to £4,000 refund on Valuation fees OR up to £4,000 refund on Lender Legal fees, refunded upon completion of the loan.
To qualify for either offer, 'Lock-in' fee must be paid between Tuesday 5th May and midnight Friday 29th May 2026, and the Valuation fee must be paid by midnight Sunday 31st May 2026. 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 or Legal fee refunds will be paid only upon completion.
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.