SoMo (South of Mortgages)
Bridging and development loan platform for property investors. Focus on experienced developers with strong track records.
General Information
SoMo's investor page states that loans are secured over property, the security is held on trust for investors, and importantly: the loans investors make are not FCA regulated. This places SoMo outside the FCA's P2P lending regulatory framework, which investors should understand when assessing the platform.
In December 2025, trade press reported that SoMo reduced bridging pricing after a Bank of England base rate cut, with first charge rates starting from 0.65%. SoMo also launched a landlord-focused bridging product positioned around the Renters' Rights Act 2025 change context, demonstrating active product iteration around evolving market needs.
How does it work?
SoMo operates an asset-led bridging loan model, with investor security held via trust arrangements as described in the platform's own investor disclosures. The trust structure is intended to protect investor interests by ensuring that security is held independently of the platform's own assets.
What do they offer?
SoMo offers first and second charge bridging products with active product iteration around landlord market needs. The platform's lending is secured against property, with loan terms and rates varying by deal and product type.
The focus on bridging finance means loans are typically short-term, with repayment dependent on borrower refinancing or property sale. The platform's product development reflects responsiveness to changing market conditions and regulatory developments in the UK property market.
Who is it for?
SoMo is suited to investors who are comfortable operating outside the FCA P2P regime and who want property bridging exposure. Investors should read the trust and security structure carefully and understand the implications of investing outside the regulated P2P framework.
The property-backed nature of the lending provides a degree of structural protection, but enforcement outcomes depend on property values, legal processes, and market conditions at the time of any recovery action.
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Disclaimer: This article is for informational and educational purposes only and does not constitute financial advice and should not be considered as such. In particular, it does not constitute personal advice — please consult a qualified financial adviser to address your particular personal requirements. Other is not regulated by the Financial Conduct Authority (FCA), its authors are not financial advisers and it is therefore not authorised to offer financial advice. This article is not intended as an offer, invitation or solicitation for the purchase or sale of any investment, nor is its issuance intended to give rise to any other legal relations whatsoever and must not be relied upon for the purposes of any investment decision. The information contained in this article is subject to updating, revision and amendment.
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