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Welcome to

The Bridging Finance Knowledge Hub.

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In association with

We work closely with Bridging Loan Directory, one of the specialist finance industry’s best-known independent sources of news and insight.

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These guides are written by BLD and brought to you through our partnership with added insights from our Sales and Underwriting teams on how bridging works in the real world.

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Useful, straightforward knowledge for brokers, whether you’re brushing up on the basics or tackling a more complex case.

Showing 4 of 4 guides

What happens if a bridging loan valuation is lower than expected?

What happens if a bridging loan valuation is lower than expected?

While a lower valuation can create challenges, it does not automatically mean a bridging loan will be declined. In many cases, the deal can still proceed, although the…

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What does a bridging loan underwriter check?

What does a bridging loan underwriter check?

A bridging underwriter reviews the property, the borrower, the purpose of the loan and how the facility will eventually be repaid. The aim is to understand whether all parts of…

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Can you get a bridging loan with bad credit or a low income?

Can you get a bridging loan with bad credit or a low income?

Some bridging lenders will consider circumstances that fall outside mainstream mortgage criteria. However, the fact that bridging finance is secured against property does not…

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What is a second or third charge bridging loan and how does it work?

What is a second or third charge bridging loan and how does it work?

A second or third charge bridging loan allows additional borrowing to be secured behind one or more existing lenders. Whether it works depends not only on the property’s value,…

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Bring the knowledge to your team

Our team is also available for broker training, talks and webinars on bridging, second charge lending, valuations, underwriting and complex cases and much more.

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If there's a topic your team wants to explore, talk to us.

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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