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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
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Rocky
Dorset
4 years ago
Date of purchase: 30/03/2020
What Rocky said about Somo:
Simple to use, good communication. Good returns and No un-covered losses so far.
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SI
Social Investor
4 years ago
Date of purchase: 30/03/2020
What Social Investor said about Somo:
I have not invested because the minimum sum per loan is £5000 which I consider way too large. Also a high proportion of loans have a second legal charge.
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Annette
London
4 years ago
Date of purchase: 30/03/2020
What Annette said about Somo:
Very impressed by this company. They have low-risk loans at low loan-to-values. The website works well. They communicate well with their investors. The secondary market is good. They also seem to have
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Trusted Customer
4 years ago
Date of purchase: 30/03/2020
I really enjoy the potential to build a relatively low risk p2p portfolio BridgeCrowd offers. This can be achieved by looking out for low LTV offerings, or by choosing a low LTV tranche within a struc
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Social Investor
4 years ago
Date of purchase: 30/03/2020
What Social Investor said about Somo:
Only had three Loans with them but all repaid fully with interest. Mind you, they were below 50% LTVs!
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SI
Social Investor
4 years ago
Date of purchase: 30/03/2020
What Social Investor said about Somo:
Been with Bridge Crowd since 2018. Another Loan successfully recovered and already re-invested. Thanks BC.
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Trusted Customer
4 years ago
Date of purchase: 30/03/2020
Very good returns on investments, great customer services. I wish that Bridge Crowd continue to grow further.
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Social Investor
4 years ago
Date of purchase: 30/03/2020
What Social Investor said about Somo:
Fees and charges were unacceptable
8
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Trusted Customer
4 years ago
Date of purchase: 30/03/2020
I got what I was promised, which is not something you can say for all p2p investment
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Trusted Customer
4 years ago
Date of purchase: 30/03/2020
Simple, easy to use platform, great choice of loans with excellent returns so far and regular updates.
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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.