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Somo Reviews

https://www.somo.co.uk/

Welcome to Somo, we specialise in bridging finance secured over UK property.

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ratings over the past year

Displaying all 302 reviews
SI
Social Investor
6 years ago
Date of purchase: 24/04/2018
What Social Investor said about Somo:
Never made a profit
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Natalie
Somo
6 years ago
Dear Social Investor, Thank you for taking the time to write this review. However, I have looked at your records and you have never made an investment with the BridgeCrowd. It is therefore not surprising that you have not made a profit. To date every investor has returned all capital and interest (profit) on every loan.  Kind Regards, the BridgeCrowd and Social Money team
SI
Social Investor
2 years ago
Hi Natalie, my review is still correct regarding never making a profit, why did you send me the review link, I can only write about my experience?
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CL
Clive Littleton
Cornwall
4 years ago
Date of purchase: 28/07/2020
What Clive Littleton said about Somo:
Good enough at getting through on the phone and first class service at the other end of the line when you do
1
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SI
Social Investor - Ian
Leeds
4 years ago
Date of purchase: 21/07/2020
What Social Investor - Ian said about Somo:
The best investment platform by far. Simon goes above and beyond expectations in terms of customer service. The only downside is the customer interface which is in need of an urgent upgrade.
4
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Trusted Customer
4 years ago
Date of purchase: 15/07/2020
responsive, helpful with advice on account set up
1
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Trusted Customer
4 years ago
Date of purchase: 30/03/2020
The auto invest procedure is still run in a semi automatic manner, and that would be just acceptable. What is frustrating is that the best deals are typically excluded from this procedure. So investin
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1
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SI
Social Investor
4 years ago
Date of purchase: 30/03/2020
What Social Investor said about Somo:
I have some loans in default, some with delayed repayment and one slow to sell probably due to the present circumstances. I am relying on having access to use the money for working capital for my busi
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1
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SI
Social Investor
4 years ago
Date of purchase: 30/03/2020
What Social Investor said about Somo:
Good interest rates but I never did get the £250 promised for introducing others, and some of my current investment has been inaccessible for over two years due to the property being repossessed.
8
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Trusted Customer
4 years ago
Date of purchase: 30/03/2020
Great service.
0
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Trusted Customer
4 years ago
Date of purchase: 30/03/2020
Excellent service
1
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Trusted Customer
4 years ago
Date of purchase: 30/03/2020
I am not a customer of BridgeCrowd and am never likely to be. As far as I am concerned all P2P operations are akin to pirates of old. You only have to look at the Lendy, Fundingsecure, etc to validate
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About Somo
Somo brings together Investors and Borrowers to provide secured loans over UK property. Our team have been lending and processing bridging loans for over 2 generations of family lenders. We have a combined experience of over 250 years in property lending. Our backgrounds range from accountancy, finance, insolvency practitioners, the legal profession (barristers and solicitors) and loan underwriting We believe that our experience has taught us the loans to enter into and the loans to turn down. Importantly we appreciate the loan-to-value criteria for different styles of properties as well as when to allow a loan extension and when to repossess. We have developed extensive due diligence processes and procedures with excellent fraud prevention systems.
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0161 312 5656
St. John's House, Barrington Road, Altrincham, Manchester, Lancashire, WA14 1JY, United Kingdom
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About Somo
Somo brings together Investors and Borrowers to provide secured loans over UK property. Our team have been lending and processing bridging loans for over 2 generations of family lenders. We have a combined experience of over 250 years in property lending. Our backgrounds range from accountancy, finance, insolvency practitioners, the legal profession (barristers and solicitors) and loan underwriting We believe that our experience has taught us the loans to enter into and the loans to turn down. Importantly we appreciate the loan-to-value criteria for different styles of properties as well as when to allow a loan extension and when to repossess. We have developed extensive due diligence processes and procedures with excellent fraud prevention systems.