Somo has brought back its ‘Free Legals’ promotion for May 2025, offering up to £2,000 towards lender legal fees on deals locked in from 6th to 30th May.
The lender reported that last year’s Free Legals offer led to an 82% increase in locked-in deals and resulted in more than £112,000 in legal fees being covered for borrowers.
Somo said the promotion is designed to help brokers and clients cut upfront costs when accessing bridging finance.
Jade Keval (pictured), sales director at Somo, said: “Last year’s Free Legals promotion was a huge success – we saw an 82% uplift in locked-in deals and committed to covering over £100,000 in borrower legal fees.
“It proved to be a real game-changer for brokers, helping get more deals over the line and giving borrowers meaningful savings at a time when cutting costs really mattered – and these savings are just as relevant, if not more so, today!
“This May, we’re bringing it back and hoping to go even further. With up to £2,000 in lender legal fees covered, we expect another huge response – and we’re ready for it.”
Keval added: “It’s a great opportunity for brokers to stand out and deliver added value to their clients.”
