Somo structured a second charge bridging loan against a borrower's main residence to fund a below-market-value buy-to-let purchase and clear outstanding mortgage arrears.

Somo completed a £1.65m bridging loan refinance on a converted London mansion in just 14 days, securing a nine-month extension and releasing £100,000 in additional capital...

The refinance facility of £1,630,000 was secured at 65% LTV against a property valued at £2.5m.

Somo's new product offers up to 24 months with no monthly payments, giving landlords time to stabilise income.

Bridging lending in the UK rose to £209.4m in Q3 2025, marking a nearly 5% increase from the previous quarter.