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Bridging
for different types
and sizes.
From the lender that
does it's best to say yes.
More about what we do
£27,500 - £5million
Whether you need a small boost
or substantial funding.
Up to 75% LTV
High loan-to-value options available
for a wide range of business needs.
Rates from 0.89%pm
Competitive rates with complete
and transparent terms.
Representative example: Based on interest only bridging loan. If you borrow £100,000 over 1 year at a rate of 0.6% pcm / 7.2% p.a fixed
for the term, you will pay 12 instalments of £600 per month and a total amount payable of £109,850. This includes repayment of the net loan, interest of £7,200, an arrangement fee of £2,000 and administration fee of £650. The overall cost for comparison is 9.85% APR.
NEW for 2025
SomoPrime
TM
Our lowest rates and highest LTVs
for prime locations and prime clients
with our new SomoPrime product.
Developed alongside a panel of
Landlords & Brokers. SomoPrime
comes with a host of Somo benefits.
• Interest from 0.89%
• LTV up to 75%
• Max Loan Amount ?
• Max Loan Term ?
Low Rate
Our Low Rate product is aimed
at standard cases and clients
who can evidence clean credit,
have an evidenced exit,
proof of income and use of funds.
• Interest from ?
• LTV up to ?
• Max Loan Amount ?
• Max Loan Term ?
ValuationOnly
TM
Our famous ValuationOnly product
is quick and easy. We lend against
the value of the property, not the borrower's profile. No proof of clean credit or income, funds or affordability
or evidenced exit required.
• Interest from ?
• LTV up to ?
• Max Loan Amount ?
• Max Loan Term ?
Not sure which product suits your case? Apply in minutes and one of our Relationship Directors
will be in touch with the best product for you.
Representative example: Based on interest only bridging loan. If you borrow £100,000 over 1 year at a rate of 0.6% pcm / 7.2% p.a fixed
for the term, you will pay 12 instalments of £600 per month and a total amount payable of £109,850. This includes repayment of the net loan, interest of £7,200, an arrangement fee of £2,000 and administration fee of £650. The overall cost for comparison is 9.85% APR.
Why Somo?
No upfront Legal Fees
We don't require clients to pay
costly legal undertakings, instead,
our clients can opt to deduct
the legal fees at completion.
Meaning, if we don't complete,
we foot the bill.
Any Business Purpose
We understand that your business
needs can vary widely. Whether
it's expansion, investment or
purchasing goods.
We'll always look to lend
Flexible Products
We cater to all client
circumstances, ensuring you
find the perfect loan
for the specific needs of either
yourself or your client.
Get in touch with our team today on 0161 312 5656
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