Somo has appointed Lyam Denney as relationship director for London as it continues to build out its presence in the capital.

The specialist property finance lender said the appointment expands its London-based relationship team to three, underlining its focus on supporting brokers operating in the capital.

Denney (pictured) joins Somo with experience in originating and structuring commercially focused funding solutions, with a particular emphasis on complex cases requiring speed and flexibility.

Although originally from the Lake District, he has developed a strong understanding of the London market and its demands, combining this with a pragmatic, relationship-led approach.

In his new role, Denney will be responsible for supporting brokers across London, working with both first charge and second charge bridging propositions.

“Somo has built a reputation for specialist products that prioritise flexibility and put the borrower first”

He will also help advisers access Somo’s wider product range, including its Breathing Space loan, which allows landlords up to 24 months with no payments, and its Valuation Only product, which lends against the security rather than the borrower profile.

Jade Keval, sales director at Somo, said: “Lyam is a strong addition to our London team. He brings a very commercial mindset and a solutions-led approach, alongside a clear understanding of what brokers need when time is critical.

“As we continue to grow our presence in London, it is important that we do so with people who share our belief that bridging does not need to be complicated.”

Denney added: “Somo has built a reputation for specialist products that prioritise flexibility and put the borrower first, which aligns closely with how I like to work.

“I am looking forward to building even stronger broker relationships in London and helping to deliver fast funding across a wide range of business needs, particularly through some of the lender’s newer products.”