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Somo News
When the Lender Says No: £1.645m Refinance for a Converted London Mansion
Summary Somo provided a £1,645,000 bridging loan at 70% loan-to-value (LTV) to refinance an expiring loan on a converted London mansion. The borrower required an additional nine months to market and sell the property after their existing lender declined to extend the term at the same interest rate. Using Somo’s Standard Bridge product , the refinance was completed in 14 working days , repaying the outgoing lender and releasing £100,000 in additional capital for the borrower
Mar 272 min read
Somo records strongest month on record as broker demand drives February surge
Record-breaking ‘lock-ins’ mark a 16% uplift on previous personal best We've just recorded our strongest month for sales since launch, completing our highest ever number of lock-ins in February - a 16% uplift on our previous record - as broker demand for fast, pragmatic funding solutions continues to grow. This milestone followed the launch of Landlord’s Breathing Space, our refinancing product designed to help landlords restructure short-term funding pressures. Despite launc
Mar 182 min read
International Women’s Day: Jade Keval on Mentorship, Training and Women in Specialist Finance
About Jade Keval Jade Keval, Sales Director here at Somo recently spoke to Bridging and Commercial to share her perspective on mentorship, training and the importance of widening access to specialist finance careers to mark International Women’s Day. Working closely with brokers and direct clients, Jade, and he sales team, focuses on building strong commercial relationships while supporting the development of future talent within the specialist finance sector. One of the key
Mar 133 min read
Somo lends £651,000 - Strategic Second Charge Protects a Well-Established Rural Business
A well-established rural business in Worcestershire required a structured refinance to protect trading continuity and redeem an outgoing facility that no longer suited its needs. The Challenge The priority was clear but time-sensitive: refinance cleanly, maintain operational stability and avoid disruption to day-to-day trading. The complexity lay not just in the refinance itself, but in the nature of the security and the coordination required to execute it cleanly. The securi
Mar 42 min read
Building Talent the Somo Way: Inside Our Sales Academy
But making bridging easier doesn’t just come down to great products, it’s about our people - people who understand the detail, the regulation, the structuring, the risk and the relationships that sit behind every deal. That’s why we built the Somo Sales Training Academy.
Mar 33 min read
Somo Delivers Complex First Charge Solution for Family-Run Nursery
TL;DR A well-established day nursery in Hertfordshire needed urgent funding to replace an unsuitable short-term facility, meet payroll deadlines, and inject working capital to support growth. Somo structured and delivered a 12-month first charge bridging loan using third-party residential security. Overview Location: Hertfordshire, UK Facility: 12-month first charge bridging loan Gross loan: £260,000 (net £218,270) Security: Director’s mother’s residential property (third-par
Feb 183 min read
Landlords Need Breathing Space and Somo is Stepping In
Somo has launched the Landlord’s Breathing Space Loan - a property-backed bridging loan for landlords facing Renters’ Rights Act 2025 changes. Get up to 24 months with no monthly payments, loans from £25k–£3m, flexible exits, and asset-led decisions to stabilise cashflow, clear arrears, fund works or refinance.
Jan 283 min read
Case Study: Refinancing a £570k Defaulted Bridge at a Market-Leading Rate of 0.87%
Discover how Somo refinanced a £570,000 defaulted bridging loan with a second-charge facility at 62% LTV, secured on a £2.5m Brighton buy-to-let. Despite the existing loan being in default and accruing default interest, strong security, clean credit, a clear sale exit and additional borrower funds enabled completion at a market-leading 0.87% per month, repaying the previous lender in full and moving the client onto a stable 12-month term.
Jan 232 min read
Somo appoints Lyam Denney as London Relationship Director
Specialist property finance lender Somo has announced the appointment of Lyam Denney as Relationship Director for London, further strengthening its commitment to brokers in the capital and expanding its London-based relationship team to three.
Jan 222 min read
Somo 2025 Recap: TV Campaign, Awards & Zero Capital Losses
As we step into 2026, we wanted to ensure you didn't miss our 2025 recap, brought to you in a video exclusive over the Christmas period, so here’s another snapshot of the success we achieved together in 2025.
Jan 221 min read
Why Simplicity Matters More Than Ever in Adverse Credit Lending
Relationship Director, Ben Rose, discusses how Somo supports clients facing adverse credit with flexible, judgment-free bridging loans. Learn about our Lifeline Loan, designed for complex cases, insolvency, and debt restructuring. Fast decisions, dedicated support, and real solutions when traditional lenders say no.
Jan 164 min read
Case Study: Somo’s Valuation Only™ Product Solves Complex Debt Bridging Case.
Overview We’re passionate about helping people find a way forward with their business ventures, especially when the financial situation is complicated. In this recent case, a couple came to us facing serious business debt. By working closely with them and using our unique Valuation Only™ bridging loan, we were able to provide the support they needed to get back on track. The Client’s Challenge A married couple running their own business in Manchester approached us with sever
Jan 153 min read
Somo cuts key product rates post Bank of England base rate reduction
Summary Somo, the specialist UK bridging lender, welcomes the Bank of England’s 0.25% base rate reduction and has confirmed competitive rate reductions across its key first and second charge products. The adjustment is designed to support landlords, buy-to-let investors and UK businesses in accessing quick, affordable short-term funding at a time when certainty and cost control are critical. Following the BoE’s decision to lower the base rate to 3.75%, Somo has reduced its br
Jan 62 min read
A look back at 2025: The Year of Making Bridging Easier
Discover how Somo made bridging loans simpler in 2025 by cutting rates, launching new products and supporting brokers with award-winning service, record growth, and a renewed commitment to making bridging easier in 2026.
Jan 53 min read
Why 2026 Will Be the Year of Second Charge Bridging Loans
Discover why 2026 is set to be a breakthrough year for second charge bridging loans. Explore market trends, borrower benefits, and expert predictions from Somo.
Jan 54 min read
Why Relationships Still Beat Algorithms in Bridging Finance
In a world where automation and AI are reshaping finance, you could be forgiven for thinking that technology has all the answers. From instant decisions to algorithmic lending, many areas of the market are racing to remove people from the process. But in bridging, success still comes down to human relationships. Every case is different, every borrower story unique and no amount of automation can replace the experience, creativity and collaboration that brokers and lenders bri
Dec 11, 20252 min read
The King of Returns: How Somo Stays Ahead in Bridging Finance
The UK bridging investment market continues to attract savvy investors like you and it’s clear why. Short-term, property-backed lending has proven itself as a source of strong returns. But even in a competitive field, some platforms stand out more than others. This year, Somo has cemented its position as a market leader, delivering returns that outperform other top lenders in the space. With more than a decade of trading behind us and zero capital losses throughout that time
Dec 3, 20251 min read
Will AI Replace My Job in Bridging Finance?
Worried AI will replace brokers? Steve Dolmor from Somo explains why tech supports people, not replaces them. Relationships and trust still win deals.
Nov 17, 20253 min read
Somo Launches UK’s First Capital Loss Guarantee on Second Charge Loans
UK bridging lender Somo has launched a capital loss guarantee, offering investors protection on up to the first 10 per cent of any loss on second charge property loans. The Second Charge Limited Capital Loss Guarantee will apply to all loans originated after 1 November 2025, with aggregate coverage capped at £1.2m, the firm said. Loans made before that date will not be covered. Somo said the scheme provides “direct, transparent and defined coverage”, unlike more complex cre
Nov 3, 20251 min read
Property-Backed Lending in 2025: A Guide to Portfolio Diversification
Discover why sophisticated investors are adding property-backed lending to their 2025 portfolios. Loans are backed by UK brick and mortar, returns can often be higher than traditional bonds and Somo have had zero capital losses to date.
Oct 29, 20254 min read
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