Somo Bridging is set to relaunch its ‘One Month Interest Free’ deal for clients looking to lock in a deal from 5th to 29th February 2024.
As part of the month-long initiative, Somo will treat borrowers to their first month interest free and the discount will apply to both serviced and retained loans.
To qualify, brokers must pay in their lock-in and valuation fee by midnight on 29th February 2024. The first month rebate will then be paid on full repayment of the loan.
Appointed Representatives (ARs), within the wide range of networks that Somo is partnered with, will have an exclusive four-day early access the offer from today, 1st February.
Jade Keval (pictured), Somo’s sales director, said: “One Month Interest Free is our most hotly anticipated promotion of the year, and we expect it will perform really well again.
“Last year Somo capped the saving at one per cent, but this year there is no maximum refund, so we encourage brokers to fill their boots throughout february and see how much they can save for their borrowers.
“Promotions such as these are a way to make bridging simple and attractive to borrowers and brokers. We pride ourselves on offering flexible products for any business purpose.
“As we end January 2024 we continue to ask ‘why make bridging difficult?’ And our promotions are just one of the ways that we’re delivering against that.”
