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Somo defies market slowdown with record quarter

  • Writer: Emily Jackson
    Emily Jackson
  • Apr 21
  • 2 min read
Somo Record Quarter

While much of the market reports smaller loan sizes and slower deal flow, Somo is telling a very different story.


The specialist lender has announced its strongest quarter on record, alongside its biggest ever month for completions with every member of the sales team exceeding their targets and average deal sizes increasing.


The performance marks a major lending milestone for the business, setting the stage for it to double in size by 2028.


At a time when brokers are navigating tighter conditions and more cautious lending environments, Somo’s results point to something simpler: a model built around getting deals done easier, not harder.

Lock-ins - a clear indicator of committed broker business - are up 51% in the last quarter alone, alongside rising repeat activity and increasing deal sizes.


More brokers are turning to Somo when other lenders can’t, or won’t, make a deal work. Sales Director Jade Keval said the results are no coincidence, but the outcome of deliberate work behind the scenes:


“We’ve spent the last year making things simpler, easier, just better all round - and brokers are feeling the difference. Our core products, standard bridging, second charge and Valuation Only ™, are performing incredibly strongly. Alongside that, we’ve continued to refine what we already do well, while launching new solutions like our Landlord’s Breathing Space loan. And we’ve got something genuinely ground-breaking coming very soon, which we’re all really excited about.”



Growing to meet demand

With momentum building, Somo is now actively expanding its Sales and Underwriting teams to keep pace with demand.


But growth isn’t just about numbers, it’s about maintaining the culture that’s driving performance.

From team incentives to trips, socials and celebrations (with Tuscany next on the list), Somo is investing in the people behind the results. 


"This combination of award-winning products and service and AI powered systems backed by real people,” added Keval, “in a market where things are getting harder, means we’re doubling down on making them easier. And brokers are responding.”



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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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