Part of the new wave of innovative peer-to-peer lending, SoMo is a specialised bridging lender offering loans for private and commercial purposes

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Max term

25k - 5m

Min/Max Loan

1st & 2nd


Bridging finance is a highly specialised world, and lenders operating in this sector must be able to meet the intense demands of their clients. SoMo is one of the few lenders in this area which operates as a peer-to-peer (P2P) lending platform, offering bridging loans funded by private investors, and as such it offers a unique borrowing proposition to its customers.

One of the most important aspects of any bridging loan is the speed with which it can be put into place; many bridging providers pride themselves on their ability to finance loans quickly and confidently, thanks to their contacts within the lending community. P2P investment, however, is even faster; loans are approved and underwritten, then made available for investment. Thanks to SoMo’s excellent track record and handsome returns, loans are often topped up extremely quickly, enabling borrowers to get on with their projects with the minimum of delay.

SoMo offers bridging loans for a wide variety of purposes including commercial finance and regulated residential finance. This flexibility allows them to offer loans for almost any situation, so that their customers can confidently secure the finances they need in order to proceed. The speed and reliability of SoMo makes it a top choice for both borrowers and investors across the country.

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Your key contacts at SoMo

Latest news from SoMo

Contact SoMo

St Johns House
Barrington Road
WA14 1JY

+44 161 312 56 56

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Frequently asked questions

What is a bridging loan?

A bridging loan is a short-term loan secured against property. It allows you or your business to “bridge a gap” until either longer-term finance can be arranged, or the underlying security or other assets can be sold.

What is a commercial bridging loan?

Commercial bridging loans are, as their name implies, bridging loans that are secured against commercial property.

How can businesses use a commercial bridging loan?

There are many ways in which businesses can use a commercial bridging loan. Common uses are to cover short-term cashflow issues or to finance tax liabilities. More positively they can be used as working capital and by new businesses as a cashflow injection to acquire additional stock or even to acquire new equipment or premises for the business. Beyond these examples there are a huge variety of ways in which commercial bridging loans can be used.

Can commercial bridging loans be secured against semi-commercial property?

To qualify for a commercial bridging loan the overall use of the property being used as collateral will need to be at least 40% commercial. For example, if the property is a rental unit with a flat above the commercial part of the property would have to represent more than 40% of the total property. Furthermore, most lenders would also insist on a separate entrance to the flat.

Can private landlords use commercial bridging loans?

Yes. They can be a great tool for landlords who want to do renovations on their properties to improve rental yields. The value of the properties will also reflect these property improvements and make it easier for the landlord to refinance them onto competitive Buy-to-Let (BTL) mortgages and clear any bridging. Like residential bridging, commercial loans can also be useful when a property chain is broken.   

Can commercial bridges be used to acquire brownfield sites before planning permission is obtained and run-down commercial premises that are hard to get traditional mortgages against?

Yes. Absolutely. They can be very useful in both the above instances and to solve a variety of other problems.

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