The Deal Two Hong Kong-based directors were acquiring a commercial property in Manchester city centre, with a renovation team ready to begin works. Timing was critical. However, delays in obtaining a formal credit report meant they were unable to proceed with their original low-rate funding option. Recognising the urgency, Somo pivoted quickly to our Valuation Only™ product, enabling lending based on the strength of the asset at up to 70% LTV without requiring the outstanding

The Deal Mr and Mrs M required £255,000 in working capital over a 12-month term, secured against their main residence. However, recent County Court Judgments meant they had already been declined elsewhere, and a traditional affordability-led route simply wasn’t viable. Rather than focus on historic credit events, Somo assessed the strength of the security and structured a second charge Valuation Only™ loan at up to 70% LTV. By lending against asset value, we were able to prov