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Borrower News

Showing 6 of 49 Borrower News posts

Somo Shortlisted for BDM Team of the Year 2026

Somo Shortlisted for BDM Team of the Year 2026

We're delighted to announce that Somo has been shortlisted for BDM Team of the Year at the NACFB Commercial Lender Awards 2026! A huge well done to Jade Keval and our brilliant…

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Case Study: £330k to Turn Auction Potential into Profit in just 18 Days

Case Study: £330k to Turn Auction Potential into Profit in just 18 Days

Somo have provided a £330,000 first charge bridging loan to support the purchase of a seven-bedroom semi-detached property in Luton.

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Second Charge loan clears portfolio Landlords’ arrears

Second Charge loan clears portfolio Landlords’ arrears

Somo has completed a £145,000 second charge bridging loan enabling a pair of portfolio landlords to clear mortgage arrears across several buy-to-let properties, remove a…

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Somo appoints Sunny Dhanda as relationship director for the Midlands and East Anglia

Somo appoints Sunny Dhanda as relationship director for the Midlands and East Anglia

Somo has appointed Dhiraj “Sunny” Dhanda as Relationship Director, further strengthening its regional presence across the Midlands and East Anglia. Dhanda joins from OSB Group,…

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We’re shortlisted! Somo named finalist at Manchester Property Awards 2026

We’re shortlisted! Somo named finalist at Manchester Property Awards 2026

Somo has been shortlisted for Finance Partner of the Year at the inaugural Manchester Property Awards 2026, recognising the businesses, teams and individuals helping to shape…

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Case Study: Somo funds £350,000 purchase of £500,000 BTL property

Case Study: Somo funds £350,000 purchase of £500,000 BTL property

Somo has completed a second charge bridging loan enabling a borrower to purchase a £500,000 property for £350,000, clear historic mortgage arrears and secure a buy-to-let…

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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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