Find out why SoMo is a market leading bridging finance provider.
Bridging Loans
FROM 0.49% pcm (5.88% pa)1st Charge Loans
FROM 0.49% pcm (5.88% pa)2nd Charge Loans
FROM 0.49% pcm (5.88% pa)Equitable Charge Loans
FROM 0.49% pcm (5.88% pa)Auction Finance
FROM 0.49% pcm (5.88% pa)Refurbishment or Conversion
FROM 0.49% pcm (5.88% pa)Business Funding
FROM 0.49% pcm (5.88% pa)Below Market Purchase
FROM 0.49% pcm (5.88% pa)Development Exit
FROM 0.49% pcm (5.88% pa)Portfolio & HMO Finance
FROM 0.49% pcm (5.88% pa)Re-bridging a Bridge
FROM 0.49% pcm (5.88% pa)Bankruptcy or Insolvency
FROM 0.49% pcm (5.88% pa)Suitable for clients with clean credit, clean titles and evidenced exit plans.
| LTV | 1st £350k to £3m |
1st £25k to £350k |
2nd £25k to £5m |
|---|---|---|---|
| <40% | 0.49% | 0.49% | 0.80% |
| <50% | 0.57% | 0.67% | 0.85% |
| <55% | 0.64% | 0.74% | 0.88% |
| <60% | 0.65% | 0.80% | 0.90% |
| <65% | 0.67% | 0.82% | 0.95% |
| <70% | 0.73% | 0.84% | 0.99% |
| <75% | 0.75% | 0.85% | --- |
This product is for clients that wish to raise money against the value of the security quickly and simply. With this loan product, the clients credit profile and or current indebtedness is not of paramount consideration. The loan to value of the security and repayment plan is the primary consideration. This is suitable for clients with adverse credit, unclean legal titles, equitable charges or where loans have been turned down by other lenders.
| LTV | 1st £350k to £3m |
1st £25k to £350k |
2nd £25k to £5m |
|---|---|---|---|
| <40% | 0.80% | 0.88% | 1.10% |
| <50% | 0.85% | 0.92% | 1.15% |
| <55% | 0.90% | 0.99% | 1.24% |
| <60% | 0.95% | 1.10% | 1.29% |
| <65% | 1.10% | 1.25% | 1.35% |
| <70% | 1.15% | 1.35% | 1.50% |
| <75% | --- | --- | --- |
A simple and transparent guide to our standard rates and values.
up to 100% cost
A simple and transparent guide to our criteria.
Who?
From 18 to 85, limited companies, SI PPs, LLPs, ex-pats, non UK nationals, self-employed, IVAs, CVAs, credit impaired, owner occupiers, bankrupts
Where?
UNITED KINGDOM - excluding Northern Ireland
How long?
1 month min - 24 month max
How much?
£25,000 min - £5,000,000 max
Guess what?
No application forms and paperless until completion
Valuation retypes accepted
No 6 month rule
100% cost on light and heavy refurbs
No funding delays
100% funding with additional security
