Somo launches May fee refund offer worth up to £4,000

Somo has relaunched its Black Friday promotion for a limited period in May, following broker demand after last year’s campaign.

Running from 5 May to 29 May 2026, the offer allows brokers and borrowers to choose between a refund of up to £4,000 on valuation fees or lender legal fees, paid on completion.

The lender said the previous campaign drove increased activity, with more than £300,000 of borrower costs covered.

The promotion is designed to help reduce upfront costs and support deal progression, particularly in time-sensitive cases.

A recent case highlighted how the offer was used on a buy-to-let purchase in North West London, where opting for free legals saved over £1,300 and helped complete a £198,750 first charge bridging loan at 75% LTV within required timelines.

Somo said the return of the promotion reflects continued demand for flexibility in how costs are managed across deals.

Jade Keval, sales director at Somo, said:

“Every deal is different, so giving brokers and borrowers the option to reduce costs where it matters most can help keep transactions moving.

Bringing this back for May reflects the feedback we’ve had and the role flexibility can play in supporting completions.”

The offer applies to eligible deals agreed between 5 May and 29 May 2026.

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