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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

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.

LTV - up to 70%

Valuation Only

Our famous Valuation Only product is based on the value of the asset, not the Borrower’s profile, ideal for clients who may not be able to evidence the above or who do not wish to do so.

LTV - up to 70%

Somo Lifeline

Business loans arranged quickly and simply for clients facing Bankruptcy, Insolvency, Liquidation, Repossession or any other financial difficulties. Loan solutions to:

  • stop a winding up or bankruptcy petition from becoming an order
  • Annul or Reverse a bankruptcy or winding up order
  • pay funds to an Insolvency Practitioner, Receiver or Trustee.

Most other lenders won’t even consider business bankruptcy or insolvency cases. Somo believes everyone deserves a second chance and our Lifeline Loan is all that some businesses need to buy themselves time to get back on track.

Somo Works

From complex circumstances to non-standard income and property types, whatever your status or financial situation, we can help with a loan from £100,000 to £5M for Light Refurbs through to Heavy.

  • Up to 75% LTV Day 1 and 100% Cost for Works
  • New and experienced Developers welcome
  • Light, Moderate and Heavy Refurbs

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% APR.

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.


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.