Rates, Criteria and Loan To Value

Find out why SoMo is a market leading bridging finance provider.

UP TO 70% LTV

Bridging Loans

FROM 0.49% pcm (5.88% pa)
UP TO 70% LTV

1st Charge Loans

FROM 0.49% pcm (5.88% pa)
UP TO 70% LTV

2nd Charge Loans

FROM 0.49% pcm (5.88% pa)
UP TO 70% LTV

Equitable Charge Loans

FROM 0.49% pcm (5.88% pa)
UP TO 70% LTV

Auction Finance

FROM 0.49% pcm (5.88% pa)
UP TO 70% LTV

Refurbishment or Conversion

FROM 0.49% pcm (5.88% pa)
UP TO 70% LTV

Business Funding

FROM 0.49% pcm (5.88% pa)
UP TO 100% LTV

Below Market Purchase

FROM 0.49% pcm (5.88% pa)
UP TO 70% LTV

Development Exit

FROM 0.49% pcm (5.88% pa)
UP TO 70% LTV

Portfolio & HMO Finance

FROM 0.49% pcm (5.88% pa)
UP TO 70% LTV

Re-bridging a Bridge

FROM 0.49% pcm (5.88% pa)
UP TO 70% LTV

Bankruptcy or Insolvency

FROM 0.49% pcm (5.88% pa)
Low Rate Bridge

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% ---
Valuation Only Bridge

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% --- --- ---
Our LTVs

A simple and transparent guide to our standard rates and values.

SoMo
Residential 75% LTV
SoMo
BTLs & HMOs 75% LTV
SoMo
Light / Heavy Refurbs 75% purchase
up to 100% cost
SoMo
Semi Commercial 65% LTV
SoMo
Commercial 60% LTV
SoMo
Land 55% LTV
SoMo
Below Market Purchases Up to 100% LTV
Weird & Wonderfuls On merits
Criteria

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

Client Reviews

What people say about Social Money (SoMo).