Somo Bridging is relaunching its exclusive ‘one month interest free’ deal for clients of brokers that lock in a deal with the firm throughout May.

As part of the month-long initiative, Somo will provide borrowers with their first month interest-free and the discount will apply to both serviced and retained loans.

In 2022, the lender offered the same deal and Somo saw a 40% increase in committed business as a result of the promotion.

Jade Keval (pictured), Somo’s sales director, said: “At Somo we like to do things differently and this one month free interest offer is unique in the lending world. It’s part of an ongoing mission to help Brokers get deals through and keep their clients happy, so they keep coming back. We hope they’ll take full advantage of this limited time offer and get in touch about the deals they’re currently working on.

“We saw a lot of uptake when we launched this initiative last year and since then, the cost of living has only got worse. Savings like this are likely to be very attractive to Borrowers so we expect to have a busy May that benefits both Borrowers and Brokers alike.”