*COMING SOON – products from SoMo can be accessed by selecting Dynamo for Intermediaries as your payment route until they join the Next Intelligence panel shortly.
Built on evolutionary thinking since its inception in 2014, this family-owned business pioneered the crowd funding formula that allowed borrowers and investors to connect and bypass the banks.
Next, SoMo smashed the ‘tick box lender’ mould and created their market-leading Valuation Only product, promising that if the valuation fits the LTV, a loan will always be made.
SoMo. Always evolving and committed to the continuous improvement of our products to find evermore creative client solutions.
- Market leading bridging and auction products
- 68% LTV on second charge bridging loans across the UK
- 70% LTV on first charge bridging loans across the UK
- Rates from 0.49%
- Our famous Valuation Only product
- Once your deal is ‘locked In’, funds are guaranteed (subject to underwriting)
- Open Market Value lending (for first and second charge purposes), not against the 180 or 90 day rule
- An experienced team of senior management, BDMs and underwriters with over 150 years of experience
- A simple process – no application forms, no portals and paperless until completion
- Loans for various types of people, including limited companies, ex-pats, self-employed, people with credit blips and more