top of page

Free Legals this May

  • Writer: Emily Jackson
    Emily Jackson
  • May 1, 2025
  • 2 min read

Free Legals this May.

Don't miss out on last year's most popular promotion. Lock-in a deal with Somo this May and we'll pay your lender legal fees up to £2,000*.


Why make bridging difficult? We pride ourselves on lending to borrowers who may not fit the standard lending criteria. And, this month we're going one step further to remove potential roadblocks in borrowing, by covering your clients lender legal fees!


Promotion runs 6th-30th May 2025.


Plus, all the usual features and benefits that come as standard when working with Somo:

  • Any Business Purpose.

  • Open Market Value. We lend based on your property’s Open Market Value, not restrictive 180 or 90-day values.

  • Flexible Products. We cater to all client circumstances.

  • Equitable Charge Loans. We offer lending even when consent has been refused by the first charge lender.

  • Director’s Main Residence. We’ll lend against a director’s residence in their personal name. 

  • Specialist Second Charge Team. The market leaders with dedicated in-house consent department.

  • No application forms. Paperless until completion, with just a simple 18-point checklist required for us to provide an offer.

  • 1-hour Offer. We can provide you an approved offer within 1 hour of enquiring with us.

  • Direct Access to an Underwriter. From the day your case “locks in”, you’ll have direct access to one of our expert Underwriters. 

  • 360Promise. Somo looks at every loan independently and from every angle.



Got a case? Get in touch with our team today:



TERMS AND CONDITIONS

VAT included. Up to £2,000 refund on Lender Legal fees, refunded upon full repayment of the loan. To qualify for the offer, 'Lock-in' fee must be paid between Tuesday 6th May and midnight Friday 30th May 2025. The loan must complete within 6 weeks of the date the Lock-in fee is paid, regardless of when the Valuation fee is paid to qualify. Legal fee refund will be paid only upon full repayment of the loan, provided that all payments have been made on time.

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.

bottom of page