A bridging loan is a short-term, property-backed loan designed to provide fast funding while you arrange longer-term finance or complete a transaction.

We can lend form £27,500 to £3,000,000.However, there is no hard and fast rule as each deal is assessed on its merits. How much your client borrow depends on the value of the property used as a security and other factors including their credit. A guide to our loan-to-values (LTV):On First Charge loans we offer up to 75% LTV of the securityOn Second Charge loans we offer up to 70% LTV of the securityWe can also offer up to 100% of the value where an additional security or equitable (comfort) charges are offered.For example: On a first charge loan, if the property being used as a security is worth £100,000, we can offer you up to £75,000 (75% LTV).To find out exactly how much your client could borrow, submit a case and we'll send you an offer.

An unregulated bridging from Somo can be used for any legitimate business purpose, including:Property purchasesAuction acquisitionsBusiness acquisitionsRefinancing existing loansProperty refurbishmentsDevelopment projectsStock and inventory purchasesWorking capitalDebt consolidationIf you're unsure whether your purpose qualifies, speak to our team.

We will lend against many types of UK property including:ResidentialSemi-CommercialBuy-to-letHMOsLight and Moderate Refurbs

We can provide a lending decision in as little as 30 minutes, depending on the information available and the complexity of the case.

Timescales vary depending on the transaction, legal requirements and valuation process. However, our streamlined underwriting process is designed to help clients complete as quickly as possible.

No. Our Valuation Only™ product offers a solution for those who don't fit traditional lending criteria or evidence income and affordability. Or for clients who simply prefer not to.