Let us do
the work.
Broker ethos
We like to think of our brokers and introducers as part of the Somo family. Like family, there’s no challenge we can’t find a solution to if we work together.
Somo honours the special relationship that Brokers have worked hard to create with their clients and our ‘blended service’ means you focus on what you do best, managing the client and the case, whilst we do the heavy lifting. Somo will process the application, instruct valuations, organize 2nd charge consent and process the legals whilst providing as much support as the case needs – all directed by you.
Our products
Somo Prime
Introducing our lowest rates and highest LTVs for prime locations and prime clients with our new Prime product. Developed alongside a panel of Landlords and Brokers, Somo Prime has a whole host of benefits.
Interest - from 0.69%
LTV - up to 75%
Low Rate
Our Low Rate product is aimed at standard cases and clients who can evidence clean credit, have an evidenced exit, proof of income and use of funds.
Interest - from 0.85%
LTV - up to 70%
Valuation Only ™
Our famous Valuation Only™ product makes things quick and easy. We lend against the value of the property, not the Borrower's profile. No proof of clean credit, proof of income, funds or affordability or evidenced exit required.
Interest - from 1.15%
LTV - up to 70%
Representative example:
Based on interest only bridging loan. If you borrow £100,000 over 1 year at a rate of 0.6% pcm / 7.2% p.a fixed for the term,
you will pay 12 instalments of £600 per month and a total amount payable of £109,850. This includes repayment of the net loan,
interest of £7,200, an arrangement fee of £2,000 and administration fee of £650. The overall cost for comparison is 9.85% APRC.
All Somo loans are unregulated. Any property used as security is at risk of repossession if repayments are not kept up.
Up to
75% LTV.
Find your Relationship Director
Please enter your postcode above, to find the dedicated Relationship Director for your area.
Jade Keval
Sales Director
E: jade.keval@somo.co.uk
T: 0161 676 95 65
T: 07564 502 171
Steve Dolmor
Head of New Business
/ Relationship Director
- South Coast
E: steve@somo.co.uk
T: 0161 676 95 66
T: 07903 449 247
Ben Rose
Relationship Director
- London & Home Counties
E: ben.rose@somo.co.uk
T: 0161 870 26 95
T: 07742 419 824
Andres Salas
Relationship Director
- London & Home Counties
E: andres.salas@somo.co.uk
T: 0161 676 95 78
T: 07395 375 815
Jaime-Leigh Johnson
Relationship Director
- Direct Relationships
E: jaime-leigh@somo.co.uk
T: 0161 676 95 63
T: 07841 632 772
Denae Clarke
Relationship Director
- North
E: denae.clarke@somo.co.uk
T: 0161 537 38 47
T: 07743 557 883
Andrew Marsland
Relationship Director
- Wales
E: andrew.marsland@somo.co.uk
T: 07395 375 814
Phoebe Shaw
Relationship Executive
E: phoebe.shaw@somo.co.uk
T: 07564 502 172
Our Sales Team
| Name | Position | ||
|---|---|---|---|
| Jade Keval | Sales Director | jade.keval@somo.co.uk | |
| Steve Dolmor | Head of New Business / Relationship Director - South Coast | steve@somo.co.uk | |
| Ben Rose | Relationship Director - London & Home Counties | ben.rose@somo.co.uk | |
| Andres Salas | Relationship Director - London & Home Counties | andres.salas@somo.co.uk | |
| Andrew Marsland | Relationship Director - Wales | andrew.marsland@somo.co.uk | |
| Denae Clarke | Relationship Director - North | denae.clarke@somo.co.uk | |
| Jaime-Leigh Johnson | Relationship Director - Client Direct Relations | jaime-leigh@somo.co.uk |
Why choose somo
Highest LTVS – LTVs up to 75%
All credit statuses accepted - we will never reject a case based on the client’s individual circumstances. No prejudice on Clients with CCJs, missed mortgage payments or being in a defaulted mortgage contract.
No up-front legals
We do not require clients to pay costly legal undertaking fees, instead our clients can opt to deduct the legal fees at completion. Which means if we don’t complete, we foot the bill.
Speed
We are quick. In most cases, it takes less than one hour from 18 points to a fully credit-backed offer, subject to Legals, Underwriting and due diligence.
